Rural Jobs Act This bill allocates an additional $500 million in 2022 and 2023 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.
Administrative law and regulatory proceduresBusiness investment and capitalDepartment of the TreasuryEconomic developmentIncome tax creditsRural conditions and development
Rural Jobs Act
USA117th CongressS-1671| Senate
| Updated: 5/18/2021
Rural Jobs Act This bill allocates an additional $500 million in 2022 and 2023 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.
Administrative law and regulatory proceduresBusiness investment and capitalDepartment of the TreasuryEconomic developmentIncome tax creditsRural conditions and development