Rural Renaissance Act

Summary

Rural Renaissance Act - Amends the Consolidated Farm and Rural Development Act to establish the Rural Renaissance Corporation to issue rural renaissance bonds to finance qualified projects for rebuilding rural areas. Amends the Internal Revenue Code to allow a tax credit for investment in rural renaissance bonds. Describes qualified projects as: (1) a water or waste treatment project; (2) a conservation project, including any project to protect water quality or air quality (including odor abatement), any project to prevent soil erosion, and any project to protect wildlife habitat, including any project to assist agricultural producers in complying with Federal, State, or local regulations; (3) an affordable housing project; (4) a community facility project, including hospitals, fire and police stations, and nursing and assisted-living facilities; (5) a value-added agriculture or renewable energy facility project for agricultural producers or farmer-owned entities, including any project to promote the production or processing of ethanol, biodiesel, animal waste, biomass, raw commodities, or wind as a fuel; (6) a rural venture capital project for, among others, farmer-owned entities; (7) a distance learning or telemedicine project; (8) a project to expand broadband technology; and (9) a rural teleworks project.

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

Timeline

1. 3 March 2005

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2007-2009)

   Source: IntroReferral

2. 3 March 2005

   Introduced

   Sponsor introductory remarks on measure. (CR S2006-2007)

   Source: IntroReferral

3. 3 March 2005

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 3 March 2005 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 March 2005

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 March 2005

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 March 2005

  Open at official source

Sponsors

• Sen. Coleman, Norm [R-MN] · R · Sponsor
• Sen. Pryor, Mark L. [D-AR] · D · Sponsor
• Rep. DeWine, Mike [R-OH-7] · R · Sponsor
• Sen. Graham, Lindsey [R-SC] · R · Sponsor
• Rep. Nelson, Bill [D-FL-11] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to ← Rural Renaissance Act II of 2005