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
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1