Referred to the House Committee on Ways and Means.
The bill amends the Internal Revenue Code to broaden and increase limits on tax-exempt qualified small issue manufacturing bonds and to expand private activity bond exceptions for first-time farmers. It expands the definition of a "manufacturing facility" to include certain intangible property production and related onsite facilities, raises dollar caps for small-issue manufacturing bonds and per-taxpayer aggregates, and indexes those caps for inflation.
Liberals emphasize farmer and job benefits; request safeguards.
Relative to its intended legislative type, this bill is a well-specified substantive amendment to the Internal Revenue Code that clearly implements the intended changes in statutory language, definitions, and numeric limits.
The bill amends the Internal Revenue Code to broaden and increase limits on tax-exempt qualified small issue manufacturing bonds and to expand private activity bond exceptions for first-time farmers.
It expands the definition of a "manufacturing facility" to include certain intangible property production and related onsite facilities, raises dollar caps for small-issue manufacturing bonds and per-taxpayer aggregates, and indexes those caps for inflation.
It also raises and consolidates dollar limits for first-time farmer exceptions, removes a separate lower limit for used farm equipment, changes how "substantial farmland" is measured from median to average, and sets effective dates for the changes.
Technocratic, targeted changes improve financing access and could draw bipartisan support, but increased tax-preferred capacity raises fiscal scrutiny and procedural hurdles.
Relative to its intended legislative type, this bill is a well-specified substantive amendment to the Internal Revenue Code that clearly implements the intended changes in statutory language, definitions, and numeric limits.
Liberals emphasize farmer and job benefits; request safeguards.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize farmer and job benefits; request safeguards.
Likely cautiously supportive: welcomes increased financing for farmers and manufacturing jobs, but concerned expansion may primarily benefit larger firms and reduce federal revenues.
Would seek labor, environmental, and community-benefit safeguards to ensure public value.
Views inclusion of intangible production as potentially useful but ambiguous without anti-abuse rules.
Generally favorable if paired with fiscal and transparency safeguards: views bill as pragmatic modernization that can boost manufacturing and farm starts.
Wants clear implementation guidance, cost estimates, and anti-abuse measures.
Sees inflation adjustments and higher caps as reasonable modernization steps.
Skeptical to opposed: sees the bill as expanding tax-exempt financing and potential corporate subsidies, increasing federal fiscal exposure.
May accept limited help for first-time farmers but objects to larger caps and broader definitions that favor business interests.
Prefers market-based financing over expanded tax preferences.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technocratic, targeted changes improve financing access and could draw bipartisan support, but increased tax-preferred capacity raises fiscal scrutiny and procedural hurdles.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize farmer and job benefits; request safeguards.
Technocratic, targeted changes improve financing access and could draw bipartisan support, but increased tax-preferred capacity raises fisc…
Relative to its intended legislative type, this bill is a well-specified substantive amendment to the Internal Revenue Code that clearly implements the intended changes in statutory language, definitions, and numeric li…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.