HR 2289
115th Congress
House
Taxation
Business investment and capital
Employee hiring
Food industry and services
Fruit and vegetables
Income tax credits
Retail and wholesale trades
Wages and earnings
Supermarket Tax Credit for Underserved Areas Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2017
Referred to the House Committee on Ways and Means.
May 2, 2017
Introduced in House
Plain-English summary
Supermarket Tax Credit for Underserved Areas Act
This bill 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, 2017, and before January 1, 2020, 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1