Rural Communities Investment Act of 2007
Last action on Feb 6, 2007Referred to the House Committee on Ways and Means.
Take Action
Summary
Rural Communities Investment Act of 2007 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association insured under the Federal Deposit Insurance Act on a loan acquired to purchase or improve rural housing and secured by rural housing or by a leasehold mortgage on such housing. Defines "rural housing" as any single family principal residence located in a rural area.
Lifecycle of the Bill
No events recorded for this stage yet.
