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Excludes from gross income the interest that certain qualified lenders receive on loans secured by rural or agricultural real property. The rule defines which lenders and loans qualify, limits the treatment for loans secured by single-family residences, bars the exclusion for loans to entities tied to foreign adversaries, requires a report to Congress within five years, and applies to taxable years ending after enactment.
Read twice and referred to the Committee on Finance.
Introduced March 4, 2025 by Jerry Moran · Last progress March 4, 2025
ACRE Act of 2025