Tax Incentives to Open Grocery Stores in Underserved Food Desert Areas.
This legislation introduces new tax credits for businesses that establish grocery stores in rural or underserved areas lacking access to fresh food (often called food deserts). The goal is to improve citizens' access to healthy products like fresh fruits, vegetables, meat, and dairy. Additionally, these businesses will receive enhanced tax credits for hiring employees, supporting local job creation.
Key points
New grocery stores in areas with limited food access qualify for substantial tax credits based on the cost of fresh produce, meat, and dairy sold (excluding canned or frozen items).
An extra 5% tax bonus is provided if the fresh food is sourced locally (within 100 miles or the same state).
Employers operating these stores receive an increased Work Opportunity Tax Credit, encouraging local job creation in these regions.
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