H.R. 651 · 109th Congress
Agricultural Bond Improvement Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
KingSponsor16 cosponsors · 4 D, 12 R
R
Latham
JLR
Leach
JN
R
Nussle
JS
R
Shimkus
LB
D
Boswell
SG
R
Graves
PE
R
English
MG
R
Green
RP
R
Paul
JG
R
Gerlach
SH
D
Herseth Sandlin
DR
R
Rehberg
IS
D
Skelton
LT
R
Terry
JS
D
Salazar
JH
R
Hefley4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Agricultural Bond Improvement Act of 2005 - Amends the Internal Revenue Code to: (1) exempt agricultural bonds from the volume cap applicable to private activity bonds; (2) permit a Federal guarantee of an agricultural bond under the Consolidated Farm and Rural Development Act without a loss of tax exemption; (3) increase the loan limit on agricultural…
What it does: CRS summary · Introduced in House · Feb 8, 2005
Agricultural Bond Improvement Act of 2005 - Amends the Internal Revenue Code to: (1) exempt agricultural bonds from the volume cap applicable to private activity bonds; (2) permit a Federal guarantee of an agricultural bond under the Consolidated Farm and Rural Development Act without a loss of tax exemption; (3) increase the loan limit on agricultural bonds to $450,000 and index such amount for inflation after 2005; and (4) eliminate the dollar limitation in the definition of substantial farmland used for agricultural bonds.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Agricultural Bond Improvement Act of 2005
Latest action (Feb 8, 2005): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Feb 8, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.