US HB3538 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 27 2019 - 25% progression, died in committee
Action: 2019-06-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 27 2019 - 25% progression, died in committee
Action: 2019-06-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allocates an additional $500 million in 2019 and 2020 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 not less than 25% of such investments be made in areas that are persistent poverty counties, high migration rural counties, or both.
Title
Rural Jobs Act
Sponsors
| Rep. Terri Sewell [D-AL] | Rep. Jason Smith [R-MO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-27 | House | Referred to the House Committee on Ways and Means. |
| 2019-06-27 | House | Introduced in House |
Same As/Similar To
SB2028 (Same As) 2019-06-27 - Read twice and referred to the Committee on Finance.
Subjects
Administrative law and regulatory procedures
Business investment and capital
Department of the Treasury
Economic development
Income tax credits
Rural conditions and development
Taxation
Business investment and capital
Department of the Treasury
Economic development
Income tax credits
Rural conditions and development
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/3538/all-info |
| Text | https://www.congress.gov/116/bills/hr3538/BILLS-116hr3538ih.pdf |
