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Tax Credits for Supermarkets in Underserved Areas

This act introduces tax credits for businesses that open or renovate supermarkets in areas with limited access to fresh food. The goal is to improve access to healthy food for residents in these regions and create new job opportunities.
Key points
Increased tax credits for renovating supermarket buildings in underserved areas.
Additional tax credits for hiring employees in new supermarkets in these regions.
A 15% tax credit on sales of fresh fruits and vegetables in new supermarkets in underserved areas.
The definition of 'underserved area' includes places with low income, high poverty rates, or significant distance from existing supermarkets.
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Additional Information
Print number: 117_HR_4687
Sponsor: Rep. Cohen, Steve [D-TN-9]
Process start date: 2021-07-26