S 286 · 110th Congress · Taxation

Rural Economic Investment Act of 2007

Introduced 2007-01-12· Sponsored by Sen. Hagel, Chuck [R-NE]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2007-01-12)

Plain Language Summary

[AI summary unavailable — showing source text] Rural Economic Investment Act of 2007 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association that is insured under the Federal Deposit Insurance Act on a loan secured by agricultural real estate or by a leasehold mortgage on agricultural real estate (real property used for agricultural production or certain single family rural residences).…

Summarized by Claude AI · Non-partisan · For informational purposes only