ACRE Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 838 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 838 To amend the Internal Revenue Code of 1986 to exclude from gross income interest received on certain loans secured by rural or agricultural real property. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 4, 2025 Mr. Moran (for himself, Mr. King, Mr. Tuberville, Mr. Gallego, and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income interest received on certain loans secured by rural or agricultural real property. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Access to Credit for our Rural Economy Act of 2025'' or as the ``ACRE Act of 2025''. SEC. 2. EXCLUSION OF INTEREST ON LOANS SECURED BY RURAL OR AGRICULTURAL REAL PROPERTY. (a) In General.-…