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Tax Credits for Rural Investments: Boosting Job Creation.

This act introduces new tax credits to encourage businesses to invest in underdeveloped rural areas. The goal is to create new jobs and support economic growth in these regions, potentially improving residents' quality of life.
Key points
An additional $500 million in tax credits annually for 2022 and 2023, exclusively for investments in designated rural areas.
These investments must support economic development and job creation within the defined "Rural Jobs Zone."
At least 25% of these investments must go to persistent poverty counties or high migration rural counties, targeting the most in-need communities.
The "Rural Jobs Zone" definition excludes large cities (over 50,000 inhabitants) and their adjacent urbanized areas, focusing support on smaller towns.
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Expired
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Additional Information
Print number: 117_S_1671
Sponsor: Sen. Wicker, Roger F. [R-MS]
Process start date: 2021-05-18
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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_S_1671.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-18.

What are the main provisions?

Key points include:

  • An additional $500 million in tax credits annually for 2022 and 2023, exclusively for investments in designated rural areas.
  • These investments must support economic development and job creation within the defined "Rural Jobs Zone."
  • At least 25% of these investments must go to persistent poverty counties or high migration rural counties, targeting the most in-need communities.
  • The "Rural Jobs Zone" definition excludes large cities (over 50,000 inhabitants) and their adjacent urbanized areas, focusing support on smaller towns.
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 Sen. Wicker, Roger F. [R-MS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy Public Investments