S 2028
Rural Jobs Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Rural Jobs Act aims to boost economic development in rural, low-income communities by increasing funding for the New Markets Tax Credit. Specifically, it allocates an additional $500 million each year for 2019 and 2020 to these investments. A significant portion, at least 25%, of these investments must be directed towards areas designated as persistent poverty counties or high migration rural counties. This legislation clarifies definitions related to ‘Rural Jobs Zones’ and ‘Rural Jobs Zone development entities’ to ensure targeted investment.
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Primary sponsor
Cosponsors
Benjamin L. Cardin
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