Bill raises tax-exempt bond limits for small manufacturers and new farmers
In committeeH.R. 9100Latest action
Sponsor: Darin LaHood · Representative · IL
AIDecoded by AI · checked against the recordRead the official text
Official title: Modernizing Agricultural and Manufacturing Bonds Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The bill raises caps on tax-exempt private activity bonds for small manufacturers and first-time farmers.
40-second read · 4 questions answered below
What does this do?
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.
Who does it affect?
Small and mid-sized manufacturers, first-time farmers buying land or equipment, and the state and local agencies that issue these bonds.
Why does it matter?
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.
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Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedJun 2, 2026
- House committeeYou are here · Jun 2, 2026
- House vote
- Senate
- The president's desk
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.