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HOUSE 3139118th CongressReferred to the House Committee on Ways and Means.

ACRE Act of 2023

Last Action
5/9/2023

Actions

  • 2023-05-09Referred to the House Committee on Ways and Means.
  • 2023-05-09Introduced in House
  • 2023-05-09Introduced in House

CRS Summary

As of 2023-05-09 (00)

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.

Cosponsors (20)

  • Wiley Nickel (D-NC)
  • Deborah Ross (D-NC)
  • Earl Carter (R-GA)
  • Donald Davis (D-NC)
  • Zachary Nunn (R-IA)
  • Morgan McGarvey (D-KY)
  • Andy Barr (R-KY)
  • Kathy Manning (D-NC)
  • Jimmy Panetta (D-CA)
  • Darin LaHood (R-IL)
  • Jim Costa (D-CA)
  • David Kustoff (R-TN)
  • Richard Hudson (R-NC)
  • Jake LaTurner (R-KS)
  • Brittany Pettersen (D-CO)
  • Dusty Johnson (R-SD)
  • Jack Bergman (R-MI)
  • Yadira Caraveo (D-CO)
  • Josh Gottheimer (D-NJ)
  • Stephanie Bice (R-OK)
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.