ICBA supports bill offering rural lending tax relief

ICBA thanked Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) for introducing legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

Details: The Enhancing Credit Opportunities in Rural America (ECORA) Act (H.R. 1977) would promote lending and support better rates and terms in rural communities.

Taking Action: Community bankers can use ICBA's Be Heard grassroots action center to urge their members of Congress to support ECORA.