HR 4687
117th 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
Jul 26, 2021
Referred to the House Committee on Ways and Means.
Jul 26, 2021
Introduced in House
Plain-English 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. The bill includes provisions that (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2021, and before January 1, 2025, 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 underserved area supermarket; and (3) allow a business-related tax credit for 15% of the gross receipts from the retail sale of fresh fruits and vegetables in a new underserved area supermarket.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1