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Rural Jobs Act: New Tax Credits for Rural Investments

This act aims to stimulate economic development and job creation in underserved rural areas. It provides special tax credits for businesses investing in these regions, encouraging capital flow and supporting local communities.
Key points
The act introduces new tax credits for investments in designated "Rural Jobs Zones," which are low-income areas outside major cities.
It allocates $500 million for both 2021 and 2022 for these credits, with at least 25% required to be invested in persistent poverty or high-migration rural counties.
The goal is to support job creation, job retention, and overall economic development in these rural regions.
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Expired
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Additional Information
Print number: 117_HR_3357
Sponsor: Rep. Sewell, Terri A. [D-AL-7]
Process start date: 2021-05-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Rural Jobs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3357.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-19.

What are the main provisions?

Key points include:

  • The act introduces new tax credits for investments in designated "Rural Jobs Zones," which are low-income areas outside major cities.
  • It allocates $500 million for both 2021 and 2022 for these credits, with at least 25% required to be invested in persistent poverty or high-migration rural counties.
  • The goal is to support job creation, job retention, and overall economic development in these rural regions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Sewell, Terri A. [D-AL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Economy Public Investments