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
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
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.
Administrative law and regulatory proceduresBusiness investment and capitalDepartment of the TreasuryEconomic developmentIncome tax creditsRural conditions and development