HR 3139 · 118th Congress · Taxation

ACRE Act of 2023

Introduced 2023-05-09· Sponsored by Rep. Feenstra, Randy [R-IA-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-05-09)

Plain Language Summary

[AI summary unavailable — showing source text] Access to Credit for our Rural Economy Act of 2023 or the ACRE Act of 2023 This bill excludes from the gross income of certain financial lending institutions, for income tax purposes, interest received on loans secured by rural or agricultural real estate.…

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

Cosponsors (20)

10 Democrats10 Republicans
Rep. Nickel, Wiley [D-NC-13]NC
Rep. Ross, Deborah K. [D-NC-2]NC
Rep. Carter, Earl L. "Buddy" [R-GA-1]GA
Rep. Davis, Donald G. [D-NC-1]NC
Rep. Nunn, Zachary [R-IA-3]IA
Rep. McGarvey, Morgan [D-KY-3]KY
Rep. Barr, Andy [R-KY-6]KY
Rep. Manning, Kathy E. [D-NC-6]NC
Rep. Panetta, Jimmy [D-CA-19]CA
Rep. LaHood, Darin [R-IL-16]IL
Rep. Costa, Jim [D-CA-21]CA
Rep. Kustoff, David [R-TN-8]TN
Rep. Hudson, Richard [R-NC-9]NC
Rep. LaTurner, Jake [R-KS-2]KS
Rep. Pettersen, Brittany [D-CO-7]CO
Rep. Johnson, Dusty [R-SD-At Large]SD
Rep. Bergman, Jack [R-MI-1]MI
Rep. Caraveo, Yadira [D-CO-8]CO
Rep. Gottheimer, Josh [D-NJ-5]NJ
Rep. Bice, Stephanie I. [R-OK-5]OK