What is the official ID of this bill?

The official print number for this legislation is S 2202.

When did the legislative process begin?

The process officially started on 2021-06-23.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s2202/BILLS-117s2202is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Moran, Jerry [R-KS].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 2202

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax Exemption for Agricultural Real Estate and Rural Home Loans.

Q: What are the main provisions?

Key points include: Banks and other qualified lenders will not pay tax on interest from loans secured by agricultural land. The exemption also covers loans for purchasing or improving single-family homes in sparsely populated rural areas. These changes could make agricultural and rural housing loans more affordable and accessible.

New rules exempt interest from certain loans for agricultural real estate and single-family homes in rural areas from taxation. This aims to improve access to credit for farmers and rural residents, potentially lowering financing costs for agricultural investments and home purchases.

Key points

Banks and other qualified lenders will not pay tax on interest from loans secured by agricultural land.

The exemption also covers loans for purchasing or improving single-family homes in sparsely populated rural areas.

These changes could make agricultural and rural housing loans more affordable and accessible.

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Status:

Expired

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Additional Information

ECORA Act of 2021

Print number: S 2202

Sponsor: Sen. Moran, Jerry [R-KS]

Process start date: 2021-06-23

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

AI work logs for this document launch

Tax Exemption for Agricultural Real Estate and Rural Home Loans.

Key Questions about Tax Exemption for Agricultural Real Estate and Rural Home Loans.