HR 3123 116th 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

Introduced: June 5, 2019 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 5, 2019

Referred to the House Committee on Ways and Means.

Jun 5, 2019

Introduced in House

Plain-English summary Congressional Research Service

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.

What's happening now June 5, 2019

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1