Rural Jobs Act
HR 5026, the Rural Jobs Act, allocates $500 million annually (for 2023 and 2024) specifically for tax credits to support economic development in rural areas. It directs these funds exclusively to community development organizations focused on creating jobs in designated "Rural Jobs Zones" - areas outside cities over 50,000 people or their adjacent urban areas. At least 25% of these investments must target persistent poverty counties (with 20%+ poverty over 30 years) or high-migration rural counties. The bill modifies tax credit rules to prioritize job creation and retention in underserved rural communities through equity investments.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 27, 2023
Last action Jul 27, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 27, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
Jul 27, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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