,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bjbh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bg1 #bjai,mr4   
,wick] 7= himself1 ,mr4 ,w>n]1 ,mr4     
,c>d91 & ,mrs4 ,capito7 introduc$ !     
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to provide = new m>kets tax cr$it 
inve/m5ts 9 ! ,rural ,jobs ,zone4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,rural ,jobs ,act4  #b4 ,allocations (  
new m>kets tax cr$it limitation = !     
,rural ,jobs ,zone  7a7 ,9 g5]al        
,section #de;,d7f7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#d7            
,allocations = ! ,rural ,jobs ,zone     
7,a7 ,9 g5]al ,9 addition to any new    
m>kets tax cr$it limitation "u p>agraph 
7#a71 !re are ! foll[+ am\nts ( new     
m>kets tax cr$it limitation :i* %all be 
allocat$ by ! ,secret>y only to ,rural  
,jobs ,zone developm5t entities = mak+  
,rural ,jobs ,zone equity inve/m5ts3    

7i7 #ejj1jjj1jjj = #bjai4  7ii7         
#ejj1jjj1jjj = #bjbj4  7,b7 ,rural ,jobs
 ,zone developm5t entity ,= purposes (  
?is p>agraph1 ! t]m ,rural ,jobs ,zone  
developm5t entity means any qualifi$    
community developm5t entity a           
significant mission ( :i* is ! economic 
developm5t (1 & ! creation & ret5tion ( 
jobs 91 ! ,rural ,jobs ,zone4  7,c7     
,rural ,jobs ,zone equity inve/m5t ,=   
purposes ( ?is p>agraph1 ! t]m ,rural   
,jobs ,zone equity inve/m5t means any   
equity inve/m5t :i* w\ld be a qualifi$  
equity inve/m5t if ! only l[-income     
community 0 ! ,rural ,jobs ,zone4  7,d7 
,rural ,jobs ,zone ,= purposes ( ?is    
p>agraph1 ! t]m ,rural ,jobs ,zone means
 ! area compris$ ( l[-income communities
 :i* are a portion ( nei!r-- 7i7 a city 
or t[n t has a population ( great] ?an  
#ej1jjj inhabitants1 nor  7ii7 any      
urbaniz$ area contigu\s & adjac5t to su*
 a city or t[n4  7,e7 ,m9imum inve/m5t 9
 p]si/5t pov]ty c\nties & high migration
 rural c\nties  7i7 ,9 g5]al ,!         

,secret>y %all prescribe regulations or 
o!r guidance pursuant to :i* n less ?an 
#be p]c5t ( ! ,rural ,jobs ,zone equity 
inve/m5ts made pursuant to allocations  
made "u ?is p>agraph are inve/$ 9 areas 
:i* are p]si/5t pov]ty c\nties1 high    
migration rural c\nties 7z def9$ 9      
subsection 7e77#e77;,b771 or bo?4  7ii7 
,p]si/5t pov]ty c\nties ,= purposes (   
?is subp>agraph1 ! t]m p]si/5t pov]ty   
c\nty means any c\nty t has _h #bj p]c5t
 or m ( its population liv+ 9 pov]ty ov]
 ! pa/ #cj ye>s1 z measur$ by ! #aiij & 
#bjjj dec5nial c5suses & ! mo/ rec5t    
,small ,area ,income & ,pov]ty          
,e/imates4  7,f7 ,application ( c>ryov] 
,p>agraph 7#c7 %all be appli$ sep>ately 
) respect to ! am\nts specifi$ 9        
subp>agraph 7,a74  4  7b7 ,effective    
date ,! am5dm5t made by ?is section %all
 apply to allocations made aft] ! date (
 ! enactm5t ( ?is ,act4