H.R. 9100In committeeJobs & the economy
Bill raises tax-exempt bond limits for small manufacturers and new farmers
Data as of July 12, 2026
The bill raises caps on tax-exempt private activity bonds for small manufacturers and first-time farmers.40-second read · 4 questions answered below
Decoded
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.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- 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.
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Official title
Modernizing Agricultural and Manufacturing Bonds Act
- Introduced:
- June 2, 2026
- Latest action:
- June 2, 2026
Referred to the House Committee on Ways and Means.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.