Rural America Fair Share Development Act of 1989

Summary

Rural America Fair Share Development Act of 1989 - Title I: Expenditures Directed to Rural Counties - Requires the expenditure of appropriated funds in, and the provision of general economic development grants, loans, and loan guarantees to, rural counties on a per capita basis. Requires rural counties that are experiencing substantial population reduction to be treated as labor surplus areas. Title II: Rural Development Investment Zones - Amends the Internal Revenue Code to to provide for the designation of rural development investment zones: (1) to stimulate the creation of new jobs and businesses; (2) to promote revitalization of economically distressed rural areas; and (3) to provide increased economic opportunity for residents. Establishes a tax credit for rural development investment zone employers and for investment in tangible property in rural development investment zones. Allows the establishment of foreign trade zones in rural development investment zones. Sets forth the responsibilities of Federal agencies in such zones. Title III: Reorganization of the Department of Agriculture - Renames and reorganizes the Department of Agriculture as the Department of Agriculture and Rural Development. Establishes within such department: (1) the Agency for Rural Development; and (2) the Rural Advocacy Office.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 4 August 1989

  Open at official source

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