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Increased Tax Credits for Local Investment and Farming

New rules increase tax credits for businesses investing in specific areas, including farms. This aims to encourage support for local food production, donating surplus food, and creating jobs in communities with limited access to large grocery stores.
Key points
The amount of the tax credit for investments in designated areas is increased.
Farming businesses can now qualify for the credit if they sell locally, donate surplus food, and hire residents.
Support is directed towards low-income areas with limited access to large grocery stores.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_5176
Sponsor: Rep. Thompson, Mike [D-CA-5]
Process start date: 2021-09-03
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Local Food Production Enhancement Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5176.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-03.

What are the main provisions?

Key points include:

  • The amount of the tax credit for investments in designated areas is increased.
  • Farming businesses can now qualify for the credit if they sell locally, donate surplus food, and hire residents.
  • Support is directed towards low-income areas with limited access to large grocery stores.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Thompson, Mike [D-CA-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Agriculture