SENATE 2371118th CongressRead twice and referred to the Committee on Finance.

ACRE Act of 2023

Last Action: 7/19/2023

Actions

2023-07-19Read twice and referred to the Committee on Finance.
2023-07-19Introduced in Senate

CRS Summary

As of 2023-07-19 (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 (6)

Angus King (I-ME)
Jon Tester (D-MT)
Kevin Cramer (R-ND)
Tom Cotton (R-AR)
Tommy Tuberville (R-AL)
Mike Rounds (R-SD)

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