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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Supermarket Tax Credit for Underserved Areas Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment of supermarkets in certain underserved areas.


Actions Overview (1)

Date
06/05/2019Introduced in House

All Actions (2)

Date
06/05/2019Referred to the House Committee on Ways and Means.
Action By: House of Representatives
06/05/2019Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means06/05/2019 Referred to

As of 11/15/2019 no related bill information has been received for H.R.3123 - Supermarket Tax Credit for Underserved Areas Act


Subjects (8)


Latest Summary (1)

There is one summary for H.R.3123. View summaries

Shown Here:
Introduced in House (06/05/2019)

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.