Supermarket Tax Credit for Underserved Areas Act

Summary

Supermarket Tax Credit for Underserved Areas Act This bill expands the tax credits that are available for the establishment of supermarkets in underserved areas (i.e., any enterprise community or empowerment zone and any renewal community). The bill includes provisions that (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2019, and before January 1, 2022, in an underserved area; (2) increase by $1,000 the limit on wages eligible for the work opportunity tax credit for employees of a new 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 new supermarket in an underserved area.

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Timeline

1. 5 June 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 5 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 June 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 June 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 June 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 June 2019

  Open at official source

Sponsors

• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Clarke, Yvette D. [D-NY-9] · D · Sponsor
• Raúl Grijalva · D · Sponsor
• Rep. Raskin, Jamie [D-MD-8] · D · Sponsor
• Barbara Lee · D · Sponsor
• Robin Kelly · D · Sponsor
• BOBBY RUSH · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Khanna, Ro [D-CA-17] · D · Sponsor
• James McGovern · D · Cosponsor
• TJ Cox · D · Cosponsor
• TIM RYAN · D · Cosponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Supermarket Tax Credit for Underserved Areas Act