S. 238 · 109th Congress
Rural Economic Investment Act of 2005
- Stage
- In committee
- Sponsor
- Chuck Hagel
- Introduced
- 2005-02-01
- Latest action
- 2005-02-01 · Introduced in Senate
Summary
Rural Economic Investment Act of 2005 - 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).