Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their lawmakers in both chambers of Congress to co-sponsor the measure.
ICBA urges grassroots on rural lending tax relief
July 16, 2021 / By ICBA
Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their lawmakers in both chambers of Congress to co-sponsor the measure.
Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their lawmakers in both chambers of Congress to co-sponsor the measure.
Grassroots: Community bankers can use ICBA’s Be Heard grassroots action center to urge support for the Enhancing Credit Opportunities in Rural America (ECORA) Act (H.R. 1977/S. 2202).
Details: The ECORA Act would exempt from taxation interest income on ag real estate loans and loans for rural housing in towns with a population of 2,500 or less.
Impact: The bill would allow banks to offer lower interest rates to their farm and rural home mortgage borrowers, helping sustain and revive rural economies affected by the pandemic. Contact Congress now.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
