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S. 286

BillFederalSenateIn Committee
Rural Economic Investment Act of 2007
About This Bill
Committee
Latest Action · January 12, 2007
Read twice and referred to the Committee on Finance.
Congress
110th (2007–2009)
Introduced
January 12, 2007
Cosponsors (0)
None
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Summary

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Rural Economic Investment Act of 2007 - 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).

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