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H.R. 9100119th CongressIn committeeLatest action Jun 2, 2026Decoded by AI · checked against the record
Official title: Modernizing Agricultural and Manufacturing Bonds Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill raises caps on tax-exempt private activity bonds for small manufacturers and first-time farmers.
40-second read · 4 questions answered below
The bill expands the definition of "manufacturing facility" to include places making intangible property like patents, and raises bond limits from $10 million to $30 million per issue and from $40 million to $120 million total outstanding, with future inflation adjustments. It also raises the first-time farmer bond limit from $450,000 to $1,000,000, drops a separate lower cap on used farm equipment, and changes how "substantial farmland" is measured from median to average county farm size.
Small and mid-sized manufacturers, first-time farmers buying land or equipment, and the state and local agencies that issue these bonds.
Higher limits and broader eligibility could increase the amount of tax-exempt financing available to qualifying businesses and farmers, affecting how much low-cost borrowing state and local agencies can facilitate.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Ways and Means.