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Show BENNETT SEEKS brLL TO SI MULATE RURAL JOBS Sen. Wallace F. Bennett, R-Utah, R-Utah, joined recently co-sponsoring a Senate bill to double the seven percent investment tax credit for companies which locate rew job-creating industries indus-tries in rural communities. The bill, known as the Rural Job and Business Devel"pment Act of 1973, would provide an additional seven percent investment invest-ment credit onto the basic seven percent credit now in effect to encourage growth of jobs in communities of under 50,000 population. The objective here is to encourage en-courage the further decentralization decentral-ization of business and industrial indus-trial growth, and specifically to e " courage creation of new jobs in our rural areas," Sen Bennett Ben-nett said. "This would help the rural areas strengthen their basic economic and would ease pressures pres-sures cn our already overcrowded overcrowd-ed cities," he said. |