US SB2100

Increases the qualified small issue manufacturing bond limit from $10 million to $30 million per issue, and raises the aggregate taxpayer limit from $40 million to $120 million

Expands the definition of "manufacturing facility" to include production of intangible property (such as patents and software) and functionally related subordinate facilities located on the same site

Raises the first-time farmer bond exception from $450,000 to $1,000,000 and eliminates the separate lower limit on used farm equipment purchases

Adds inflation adjustments starting in calendar year 2026 for all dollar thresholds, indexed to cost-of-living changes with rounding to the nearest $100,000 (or $10,000 for farmer provisions)

Changes the "substantial farmland" determination from median to average farm size when calculating first-time farmer eligibility