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Standard Summary
Comprehensive overview in 1-2 paragraphs
The ACRE Act of 2025 amends the Internal Revenue Code to exclude interest earned on loans secured by rural or agricultural real property from gross income for qualified lenders, defines the eligible lenders and loans, and requires a report to Congress on the tax impact.
Key Points
- 1Interest on qualified rural/agricultural real‑estate loans is excluded from gross income.
- 2Defines qualified lenders (banks, insurance companies, federally chartered entities, etc.).
- 3Specifies qualified real‑estate loans (secured by rural/agricultural property, leasehold mortgages, single‑family residences under $750k, etc.).
- 4Exclusion applies to loans made after enactment and refinancings of pre‑enactment loans.
- 5Requires a Treasury report within five years on the impact of the exclusion.
- 6Effective for taxable years ending after enactment.
Impact Areas
Rural and agricultural lenders (banks, credit unions, insurance companies)Farmers, ranchers, and agricultural borrowersIRS and Treasury tax administrationTaxpayers and the broader agricultural economy
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