H.R. 3817 · 110th Congress
Agricultural Bond Improvement Act of 2007
- Stage
- In committee
- Sponsor
- Earl Pomeroy
- Introduced
- 2007-10-10
- Latest action
- 2007-10-10 · Introduced in House
Summary
Agricultural Bond Improvement Act of 2007 - Amends the Internal Revenue Code to: (1) exempt agricultural bonds from the volume cap applicable to private activity bonds; (2) increase the loan limit on agricultural bonds to $450,000 and index such amount for inflation after 2007; and (3) eliminate the dollar limitation in the definition of substantial farmland used for agricultural bonds.