Summary: H.R.833 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.833. Bill summaries are authored by CRS.

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Introduced in House (02/06/2007)

Rural Communities Investment Act of 2007 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association insured under the Federal Deposit Insurance Act on a loan acquired to purchase or improve rural housing and secured by rural housing or by a leasehold mortgage on such housing. Defines "rural housing" as any single family principal residence located in a rural area.