Proposal:ACRE Act of 2023

This proposal is archived and closed to further debate. It was introduced in the 118th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 3139
Type of Legislation	House Bill
Congress	118
Status	Archived — 118th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Access to Credit for our Rural Economy Act of 2023 or the ACRE Act of 2023

This bill excludes from the gross income of certain financial lending institutions, for income tax purposes, interest received on loans secured by rural or agricultural real estate.

Bill Title

ACRE Act of 2023

Linked Goals

• Goal:Promote General Welfare

Steps

• 2023-05-09: Referred to the House Committee on Ways and Means.
• 2023-05-09: Introduced in House
• 2023-05-09: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.