A qualified nonmetropolitan county is defined as a county that is not part of a metropolitan statistical area, as determined by the most recent census. To qualify, the county must meet specific criteria regarding income and unemployment rates. Specifically, it must have a median household income that is less than 80 percent of the state's nonmetropolitan median household income, or an unemployment rate that is at least 140 percent of the national or state average, whichever is lower. Additionally, it may qualify if it contains a designated difficult development area in certain U.S. territories.
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The term "qualified nonmetropolitan county" is primarily used in the context of federal and state programs aimed at economic development and support for small businesses. It is relevant in areas such as tax incentives, grants, and funding opportunities for businesses operating in these counties. Users can often find forms and templates related to these programs through resources like US Legal Forms, which can help them navigate the application processes effectively.
Key Legal Elements
Real-World Examples
Here are a couple of examples of abatement:
For instance, a county in rural Kentucky that has a median household income of $35,000, while the state median is $50,000, may qualify as a qualified nonmetropolitan county. Additionally, if the unemployment rate in that county is 8 percent, while the national average is 5 percent, it would also meet the criteria based on unemployment rates.
Relevant Laws & Statutes
Key statutes relevant to qualified nonmetropolitan counties include:
15 USCS § 632 (p)(4)(B) - Definition and criteria for qualified nonmetropolitan counties.
Internal Revenue Code of 1986 - Sections related to census tracts and economic development.
State-by-State Differences
State
Criteria Variations
Kentucky
Specific counties may qualify based on unique economic conditions.
Alaska
Additional criteria may apply due to geographic and economic factors.
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with Related Terms
Term
Definition
Key Differences
Metropolitan Statistical Area
A region defined by the Office of Management and Budget for statistical purposes.
Includes urban centers and surrounding areas; qualified nonmetropolitan counties are excluded.
Difficult Development Area
Areas designated for special development assistance due to economic challenges.
Can be a factor for a county to qualify as nonmetropolitan.
Common Misunderstandings
What to Do If This Term Applies to You
If you believe your county qualifies as a qualified nonmetropolitan county, you should:
Gather relevant financial data, including median household income and unemployment rates.
Check for any local or federal programs that provide assistance to qualified counties.
Consider using US Legal Forms to find templates for applications or forms related to economic development.
If your situation is complex, consult a legal professional for tailored advice.
Quick Facts
Attribute
Details
Typical Income Threshold
Less than 80% of the nonmetropolitan state median household income
Unemployment Rate Threshold
At least 140% of the national or state average
Applicable Areas
Nonmetropolitan counties, certain U.S. territories
Key Takeaways
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FAQs
It is a county that does not belong to a metropolitan area and meets certain income and unemployment criteria.
Check the latest census data and compare your county's income and unemployment rates to the required thresholds.
They may qualify for federal and state economic development programs, grants, and tax incentives.
