H.R. 5026 · 118th Congress
Rural Jobs Act
- Stage
- In committee
- Sponsor
- Carol Miller
- Introduced
- 2023-07-27
- Latest action
- 2023-07-27 · Introduced in House
Summary
Rural Jobs Act
This bill allocates an additional $500 million in 2023 and another $500 million in 2024 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.