Bill > HR9914

This bill, the Fresh Food Act, aims to provide tax incentives for the establishment of grocery stores in certain underserved areas. The key provisions include: 1. Increasing the Work Opportunity Tax Credit by $1,000 for individuals employed in the operation of a new underserved area grocery store. This incentive is available for wages paid in taxable years beginning after December 31, 2024, and before January 1, 2031. 2. Providing a tax credit for the cost of goods sold with respect to the retail sale of fresh fruits, vegetables, meat, and dairy in a new underserved area grocery store. The credit percentage starts at 30% and phases down to 0% over a period of several years. 3. Defining "underserved area" as a population census tract with low-income and limited access to grocery stores, and requiring the Secretary of the Treasury to coordinate with the Secretary of Agriculture to make such determinations. 4. Allowing the tax credits to be claimed as part of the general business credit, making them subject to the same rules and limitations. The overall goal of the bill is to incentivize the establishment and operation of grocery stores in areas that currently lack access to fresh, healthy food options, thereby improving food security and promoting community development.