HR 3357
Rural Jobs Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- 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 2021 and 2022 to these investments. A key component requires that at least 25% of these investments be directed towards areas designated as persistent poverty counties or high migration rural counties. This legislation modifies the Internal Revenue Code to facilitate these targeted investments.
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