Rural Business Revitalization Act of 1991

Summary

Rural Business Revitalization Act of 1991 - Title I: Designation of Rural Enterprise Zones - Amends the Internal Revenue Code to authorize the Secretary of the Treasury to designate rural enterprise zones for purposes of providing tax and regulatory relief and improving local services. Requires the Secretary to report to the Congress on an evaluation of this Act every three years. Title II: Federal Income Tax Incentives - Allows a general business credit for rural enterprise zone employment and allows an investment tax credit for rural enterprise zone property. Increases the research tax credit for research conducted in rural enterprise zones. Defers the payment of capital gains tax on a capital gain which is reinvested in rural enterprise zone property.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 19 March 1991

  Open at official source

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