Reps. Jason Smith (R-MO) and Terri Sewell (D-AL) recently introduced H.R. 6627, a bill that would provide an additional $1 billion in New Markets Tax Credit Authority in two $500 million installments for 2018 and 2019. The additional authority would be reserved for Rural Job Zones. Furthermore, at least 25% of the additional authority would be set aside for persistent poverty counties and/or high migration rural counties.
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