A bill to amend the Internal Revenue Code of 1954 to provide a refundable credit against income tax for certain interest on agricultural operating loans.

Amends the Internal Revenue Code to allow a refundable income tax credit for certain charges paid or incurred on agricultural operating loans (as defined by the Consolidated Farm and Rural Development Act) in excess of a 12 percent rate. Limits the application of this Act to loans whose payout period does not exceed 12 months and whose aggregate principal does not exceed $25,000.