HOUSE 3357117th CongressReferred to the House Committee on Ways and Means.

Rural Jobs Act

Last Action: 5/19/2021

Actions

2021-05-19Referred to the House Committee on Ways and Means.
2021-05-19Introduced in House
2021-05-19Introduced in House

CRS Summary

As of 2021-05-19 (00)

Rural Jobs Act

This bill allocates an additional $500 million in 2021 and 2022 for new markets tax credit investments in the Rural Jobs Zone (an area comprised of low-income communities with populations not greater than 50,000 that are not adjacent to an urbanized area). The bill also requires that at least 25% of such investments be made in areas that are persistent poverty counties, high migration rural counties, or both.

Cosponsors (1)

Jason Smith (R-MO)

Subjects

Business investment and capital
Department of the Treasury
Economic development
Income tax credits
Rural conditions and development

Read on Congress.gov

Sourced from Congress.gov (public domain).

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