Pipeline · Bill → Law
Step 1
Introduced
May 4, 2023
Step 2
Referred
May 4, 2023
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
May 4, 2023
Introduced in Senate
May 4, 2023
Read twice and referred to the Committee on Finance.