Rural Jobs Act

Hozzl · 2023-12-15T16:01:23Z

Explore the details of House Bill 5026 Rural Jobs Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:01 PM

Congressional Summary of HR 5026

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.

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Current Status of Bill HR 5026

Bill HR 5026 is currently in the status of Bill Introduced since July 27, 2023. Bill HR 5026 was introduced during Congress 118 and was introduced to the House on July 27, 2023. Bill HR 5026's most recent activity was Referred to the House Committee on Ways and Means. as of July 27, 2023