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To amend the Internal Revenue Code of 1986 to provide for new markets tax credit investments in the Rural Jobs Zone.

USA115th CongressHR-6627| House 
| Updated: 7/26/2018
Jason Smith

Jason Smith

Republican Representative

Missouri

Cosponsors (1)
Terri A. Sewell (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Rural Jobs Act This bill amends the Internal Revenue Code to allow additional new markets tax credits for investments in the Rural Jobs Zone. The "Rural Jobs Zone" is the area comprised of low-income communities that do not include: (1) a city or town with a population that exceeds 50,000, or (2) any urbanized area contiguous and adjacent to such a city or town. At least 25% of the investments made pursuant to the tax credits allocated by this bill must be in persistent poverty counties, high migration rural counties, or both.
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Timeline
Jul 26, 2018
Introduced in House
Jul 26, 2018
Referred to the House Committee on Ways and Means.
  • July 26, 2018
    Introduced in House


  • July 26, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Administrative law and regulatory proceduresBusiness investment and capitalDepartment of the TreasuryEconomic developmentIncome tax creditsRural conditions and development

To amend the Internal Revenue Code of 1986 to provide for new markets tax credit investments in the Rural Jobs Zone.

USA115th CongressHR-6627| House 
| Updated: 7/26/2018
Rural Jobs Act This bill amends the Internal Revenue Code to allow additional new markets tax credits for investments in the Rural Jobs Zone. The "Rural Jobs Zone" is the area comprised of low-income communities that do not include: (1) a city or town with a population that exceeds 50,000, or (2) any urbanized area contiguous and adjacent to such a city or town. At least 25% of the investments made pursuant to the tax credits allocated by this bill must be in persistent poverty counties, high migration rural counties, or both.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2018
Introduced in House
Jul 26, 2018
Referred to the House Committee on Ways and Means.
  • July 26, 2018
    Introduced in House


  • July 26, 2018
    Referred to the House Committee on Ways and Means.
Jason Smith

Jason Smith

Republican Representative

Missouri

Cosponsors (1)
Terri A. Sewell (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBusiness investment and capitalDepartment of the TreasuryEconomic developmentIncome tax creditsRural conditions and development