Rural Economic Investment Act of 2005
Last action on Jan 26, 2005Referred to the House Committee on Ways and Means.
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Summary
Rural Economic Investment Act of 2005 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association that is insured under the Federal Deposit Insurance Act on a loan secured by agricultural real estate or by a leasehold mortgage on agricultural real estate (real property used for agricultural production or certain single family rural residences).
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