This bill aims to boost investment and job creation in rural and low-income communities by providing additional tax credits for businesses that invest in these areas.
Latest Action
Referred to the House Committee on Ways and Means.
AI Summary
Plain-English explanation of this bill
This bill aims to boost investment and job creation in rural and low-income communities by providing additional tax credits for businesses that invest in these areas.
Last updated: 12/30/2025
Official Summary
Congressional Research Service summary
<p><b>Rural Jobs Act </b></p> <p>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.</p>
Key Points
Main provisions of the bill
Allocates an extra $500 million in 2023 and 2024 for new markets tax credits in rural and low-income areas.
Requires at least 25% of these investments to be made in persistent poverty counties or high migration rural counties.
The tax credits are intended to encourage businesses to invest in and create jobs in these underserved communities.
How This Impacts Americans
Potential effects on citizens and communities
If this bill becomes law, it could lead to increased business investment and job opportunities in rural and low-income areas across the country, particularly in communities that have struggled with poverty and economic decline. Small businesses, community development organizations, and residents of these target communities would be the primary beneficiaries.
Policy Areas
Primary Policy Area
Taxation
Scope & Jurisdiction
Jurisdiction Level
federal
Congressional Session
119th Congress
Citation Reference
5026, 119th Congress (2025). "ALCATRAZ Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5026