S 1671 117th Congress Senate 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

Introduced: May 18, 2021 Introduced by: Wicker, Roger F. Republican · Mississippi See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 18, 2021

Read twice and referred to the Committee on Finance.

May 18, 2021

Introduced in Senate

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Plain-English summary Congressional Research Service

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.

What's happening now May 18, 2021

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version