3.0.0 1872 2022-11-01T18:17:19Z 2022-11-01T18:17:19Z House HR 2019-03-26 116 [Congressional Record Volume 165, Number 52 (Tuesday, March 26, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WATKINS:H.R. 1872.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8.[Page H2827]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-03-26T14:02:10Z ECORA Act of 2019 116 1641 S 2019-05-23 Read twice and referred to the Committee on Finance. Identical bill CRS 2019-03-26 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-03-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-03-26 Introduced in House IntroReferral 1000 9 Library of Congress W000824 Rep. Watkins, Steve [R-KS-2] Steve Watkins R KS 2 N M001198 Rep. Marshall, Roger [R-KS-1] Roger Marshall R KS 1 2019-03-26 True M001205 Rep. Miller, Carol D. [R-WV-3] Carol Miller R WV D. 3 2019-04-08 False B001299 Rep. Banks, Jim [R-IN-3] Jim Banks R IN 3 2019-04-12 False R000611 Rep. Riggleman, Denver [R-VA-5] Denver Riggleman R VA 5 2019-04-30 False R000610 Rep. Reschenthaler, Guy [R-PA-14] Guy Reschenthaler R PA 14 2019-05-01 False C001108 Rep. Comer, James [R-KY-1] James Comer R KY 1 2019-05-22 False K000362 Rep. King, Steve [R-IA-4] Steve King R IA 4 2019-05-23 False M001194 Rep. Moolenaar, John R. [R-MI-4] John Moolenaar R MI R. 4 2019-06-03 False E000298 Rep. Estes, Ron [R-KS-4] Ron Estes R KS 4 2019-06-05 False P000601 Rep. Palazzo, Steven M. [R-MS-4] Steven Palazzo R MS M. 4 2019-06-25 False V000133 Rep. Van Drew, Jefferson [D-NJ-2] Jefferson Van Drew D NJ 2 2019-07-09 False A000374 Rep. Abraham, Ralph Lee [R-LA-5] Ralph Abraham R LA Lee 5 2019-07-09 False B001274 Rep. Brooks, Mo [R-AL-5] Mo Brooks R AL 5 2019-11-18 False S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2019-12-04 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2020-01-15 False A000377 Rep. Armstrong, Kelly [R-ND-At Large] Kelly Armstrong R ND 0 2020-03-09 False W000804 Rep. Wittman, Robert J. [R-VA-1] Robert Wittman R VA J. 1 2020-03-10 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2020-10-16 False Taxation Agricultural prices, subsidies, credit Credit and credit markets Farmland Housing finance and home ownership Income tax exclusion Interest, dividends, interest rates Rural conditions and development Taxation 00 2019-03-26 Introduced in House 2019-04-30T19:53:50Z Enhancing Credit Opportunities in Rural America Act of 2019 or the ECORA Act of 2019

This bill modifies the requirements for calculating taxable income to exclude from gross income interest received by a lender from real estate loans secured by agricultural real estate or by a leasehold mortgage (with a status as a lien) on agricultural real estate.

Agricultural real estate includes real property that is substantially used for the production of one or more agricultural products. It also includes any single family residence that is (1) the principal residence of its occupant, (2) located in a rural area which is not within a Metropolitan Statistical Area and has a population of 2,500 or less; and (3) is purchased or improved with the proceeds of a loan secured by property used for the production of one or more agricultural products.

]]> Enhancing Credit Opportunities in Rural America Act of 2019 Display Title Enhancing Credit Opportunities in Rural America Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to exclude from gross income interest received on certain loans secured by agricultural real property. Introduced in House IH Short Title(s) as Introduced Enhancing Credit Opportunities in Rural America Act of 2019 Introduced in House IH Introduced in House 2019-03-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr1872ih/xml/BILLS-116hr1872ih.xml 2019-03-26 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.