Supermarket Tax Credit for Underserved Areas Act

Summary

Supermarket Tax Credit for Underserved Areas Act Amends the Internal Revenue Code to: (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2015, and before January 1, 2018, in an underserved area (i.e., any enterprise community or empowerment zone and any renewal community); (2) increase by $1,000 the limit on wages eligible for the work opportunity tax credit for employees of a supermarket located in an underserved area; and (3) allow a business-related tax credit for 15% of the gross receipts from the retail sale of locally-grown fresh fruits and vegetables in a supermarket in an underserved area.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 March 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 18 March 2015

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• Introduced in House

  summary · EN · 18 March 2015

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