To amend the Internal Revenue Code of 1986 to provide incentives for rural development, and for other purposes.
Rural Economic Growth Act of 2003 - Amends the Internal Revenue Code to establish a rural investment tax credit of 50 percent of the present value of new buildings (including rehabilitation projects) and 50 percent of the present value of existing buildings.
Makes a qualified rural employee a member of a targeted group for purposes of the work opportunity credit.
Directs the Secretary of Labor to award grants to eligible entities offering career training to residents of rural areas to assist such entities to improve the job skills necessary for employment in specific industries.
Introduced in House
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on 21st Century Competitiveness.
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