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United States · Bill · HR

H.R. 2858 (112th)

Rural Microbusiness Investment Credit Act of 2011

referredUnited States· United States Congress· EN

Introduced

7 September 2011

Last action

7 September 2011 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Kind, Ron [D-WI-3], Rep. Herger, Wally [R-CA-2]

Subjects

Taxation

Source updated

14 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Rural Microbusiness Investment Credit Act of 2011 - Amends the Internal Revenue Code to allow a business-related tax credit for 35% of new investment in a rural microbusiness. Imposes limits on such credit for businesses and individual taxpayers. Defines: (1) "rural microbusiness" as a trade or business that employs not more than 5 full-time employees in a taxable year and is carried on, and physically located, in a distressed rural area; and (2) "distressed rural area" as an area that has lost at least 5% of its population over the last 10 years or 10% of its population over the last 20 years, that has a median family income below 85 % of the national median family income, that has a poverty rate that exceeds 12.5%, or where average unemployment in the preceding year exceeds 120% of the national average.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 September 2011

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 7 September 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 September 2011

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 7 September 2011

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  • Introduced in House (PDF)

    Introduced in House · EN · 7 September 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 7 September 2011

    Open at official source

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Sponsors

Related records

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Sources

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