Bond Financing Renewal Act of 2005

H.R. 2941, the Bond Financing Renewal Act of 2005, aimed to expand tax-exempt financing options for small manufacturing facilities and agricultural businesses. The bill proposed moving up a scheduled increase in the maximum limit for "small-issue bonds" to $10 million and introduced new tax deductions for interest expenses on smaller bonds under $2 million. If passed, these changes would have made it easier and more affordable for small businesses to secure low-interest loans for constructing or improving their facilities.