HR 6627
115th Congress
House
Taxation
Administrative law and regulatory procedures
Business investment and capital
Department of the Treasury
Economic development
Income tax credits
Rural conditions and development
Rural Jobs Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 26, 2018
Referred to the House Committee on Ways and Means.
Jul 26, 2018
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1