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, 2013, and before January 1, 2016, in an underserved area (i.e., any enterprise community or empowerment zone and any renewal community); (2) increase by $1,000 the 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 August 2013

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 2 August 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 August 2013

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 August 2013 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 August 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 August 2013

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 August 2013

  Open at official source

Sponsors

• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• BOBBY RUSH · D · Cosponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Cosponsor
• Matt Cartwright · D · Cosponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Cosponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.