H.R. 4424 · 115th Congress · 2017–2018
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for interest on certain small business loans.
H.R. 4424 in the 115th Congress (2017–2018) was introduced on Nov 16, 2017, sponsored by Rod Blum with 10 co-sponsors.
During the 115th Congress (2017–2018), Donald Trump was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Nov 16, 2017
- Co-sponsors
- 10
- Policy area
- Taxation
What it does
This bill amends the Internal Revenue Code to exclude from the gross income of certain banks interest received on small business loans of up to $5 million. The bill applies to loans that are: (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business of the small busines…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Rod Blum (R-IA). Co-sponsors: 5 Democrats, 5 Republicans.
Where it stands
- IntroducedNov 16, 2017
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Nov 16, 2017)
More bills from Rod Blum in the 115th Congress
Other Taxation bills in the 115th Congress
- H.R. 3823: Disaster Tax Relief and Airport and Airway Extension Act of 2017
- H.R. 1: Tax Cuts and Jobs Act
- H.R. 25: FairTax Act of 2017
- H.R. 173: Middle Class Health Benefits Tax Repeal Act of 2017
- H.R. 184: Protect Medical Innovation Act of 2017
- S. 236: Craft Beverage Modernization and Tax Reform Act of 2017
- H.R. 247: Health Savings Account Expansion Act of 2017
- H.R. 367: Hearing Protection Act of 2017
- S. 407: Building Rail Access for Customers and the Economy Act
- S. 540: Mobile Workforce State Income Tax Simplification Act of 2017
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 4424 (115th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/115-hr-4424/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).