PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 7061 (96th)

A bill to amend the Internal Revenue Code to provide tax credits for interest on certain agricultural operating loans.

referredUnited States· United States Congress· EN

Introduced

15 April 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow a refundable income tax credit for certain charges paid or incurred on agricultural operating loans (as defined by the Consolidated Farm and Rural Development Act) in excess of a 12 percent rate. Limits the application of this Act to loans whose payout period does not exceed 12 months and whose aggregate principal does not exceed $25,000.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.