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Utah's Rural Jobs Act encourages private investment in small businesses located in rural areas of the state by offering tax credits to investors who put money into approved "rural investment companies" that then invest in those local businesses. This bill would open a new third round of the program, allowing the Governor's Office of Economic Opportunity to accept applications starting November 2, 2026, and approve up to $42 million in new investment authority. It would also create a new nonrefundable insurance premiums tax credit, letting insurance companies and their affiliates that participate in this third round apply their tax credit certificates against insurance premium taxes or retaliatory taxes beginning with the 2027 tax year, and allow insurers to formally assign their earned tax credits to an affiliated company. The bill also makes a number of technical and organizational updates to the program's existing rules, including renumbering definitions, clarifying investment and reporting requirements, and repealing an outdated title provision.