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Support for Agriculture and Manufacturing: New Bond Rules

This act makes it easier for small manufacturing businesses and farmers to get funding through bonds. It increases financing limits and broadens the definition of manufacturing facilities, potentially leading to new jobs and local economic growth.
Key points
Manufacturing businesses can now get more financial support, as the bond limit has increased from $10 million to $30 million, and the total limit per taxpayer from $40 million to $120 million.
The definition of a manufacturing facility now includes the production of intangible property, opening the door for support for modern technologies and innovation.
First-time farmers can more easily purchase land and equipment, as the financing limit has increased from $450,000 to $1,000,000, and rules for used farm equipment have been simplified.
All these limits will be automatically adjusted for inflation, ensuring their value in the future.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2100
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2025-06-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Modernizing Agricultural and Manufacturing Bonds Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2100.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-06-17.

What are the main provisions?

Key points include:

  • Manufacturing businesses can now get more financial support, as the bond limit has increased from $10 million to $30 million, and the total limit per taxpayer from $40 million to $120 million.
  • The definition of a manufacturing facility now includes the production of intangible property, opening the door for support for modern technologies and innovation.
  • First-time farmers can more easily purchase land and equipment, as the financing limit has increased from $450,000 to $1,000,000, and rules for used farm equipment have been simplified.
  • All these limits will be automatically adjusted for inflation, ensuring their value in the future.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Agriculture Economy