3.0.0
3787
2025-12-05T08:12:20Z
2025-12-05T08:12:20Z
House
H
HR
2023-06-01
118
https://www.congress.gov/bill/118th-congress/house-bill/3787
[Congressional Record Volume 169, Number 95 (Thursday, June 1, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LaHOOD:H.R. 3787.Congress has the power to enact this legislation pursuantto the following:U.S. Constitution Article I, Section 8, Clause 1: ``TheCongress shall have Power to lay and collect Taxes . . .''The single subject of this legislation is:This bill modifies certain rules applicable to qualifiedsmall issue manufacturing bonds and expands certainexceptions to the private activity bond rules for first-timefarmers.[Page H2713]
- hswm00
Ways and Means Committee
House
Standing
  - Referred To
2023-06-01T15:01:00Z

- Modernizing Agricultural and Manufacturing Bonds Act
118
2653
S
2023-07-27
Read twice and referred to the Committee on Finance.
  - Identical bill
CRS

- Modernizing Agricultural and Manufacturing Bonds Act
118
2723
S
2023-09-05
Read twice and referred to the Committee on Finance.
  - Related bill
CRS
- 2023-06-01
Referred to the House Committee on Ways and Means.
IntroReferral
H11100
2
House floor actions
  - hswm00
Ways and Means Committee
- 2023-06-01
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-06-01
Introduced in House
IntroReferral
1000
9
Library of Congress
- L000585
Rep. LaHood, Darin [R-IL-16]
Darin
LaHood
R
IL
16
N
- K000380
Rep. Kildee, Daniel T. [D-MI-8]
Daniel
Kildee
D
MI
T.
8
2023-06-01
True
- F000446
Rep. Feenstra, Randy [R-IA-4]
Randy
Feenstra
R
IA
4
2023-06-01
True
- E000296
Rep. Evans, Dwight [D-PA-3]
Dwight
Evans
D
PA
3
2023-06-01
True
- C001134
Rep. Caraveo, Yadira [D-CO-8]
Yadira
Caraveo
D
CO
8
2024-03-11
False
- S001185
Rep. Sewell, Terri A. [D-AL-7]
Terri
Sewell
D
AL
A.
7
2024-05-06
False
Taxation
Taxation
2023-06-29T16:15:25Z
00
2023-06-01
Introduced in House
2023-09-20T19:48:47Z
Modernizing Agricultural and Manufacturing Bonds Act
This bill modifies provisions relating to qualified small issue bonds for manufacturing purposes by expanding the definition of manufacturing facility to include a facility that (1) is used in the creation or production of intangible property; or (2) is functionally related, subordinate to, and located on the same site as a facility used in the manufacturing or production of tangible or intangible personal property. The bill also increases from $10 million to $30 million the maximum bond size limitation.
The bill modifies requirements for private activity bond financing for first-time farmers. The modified provisions (1) increase from $450,000 to $1 million (adjusted annually for inflation) the amount of bond proceeds that may be used by a first-time farmer to acquire land for farming purposes, (2) repeal the separate dollar limitation on the use of bond proceeds for used farm equipment, and (3) revise the definition of substantial farmland to determine farm size by reference to the average (instead of median) size of a farm in the county in which the farm is located.

Modernizing Agricultural and Manufacturing Bonds Act
- Display Title
45

Modernizing Agricultural and Manufacturing Bonds Act
2024-06-11T15:11:24Z
- Short Title(s) as Introduced
101

Modernizing Agricultural and Manufacturing Bonds Act
2024-05-24T13:39:10Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Internal Revenue Code of 1986 to modify certain rules applicable to qualified small issue manufacturing bonds, to expand certain exceptions to the private activity bond rules for first-time farmers, and for other purposes.
2024-03-18T20:55:47Z
Introduced in House
IH
- Introduced in House
2023-06-01T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr3787ih/xml/BILLS-118hr3787ih.xml
2023-06-01
Referred to the House Committee on Ways and Means.
text/xml
EN
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