summary
Introduced
03/27/2025
03/27/2025
In Committee
04/18/2025
04/18/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to establish a new tax credit and grant program to stimulate investment and healthy nutrition options in food deserts, and for other purposes.
AI Summary
This bill establishes a tax credit and grant program designed to improve access to healthy food in areas known as "food deserts" - geographic regions where residents have limited access to affordable and nutritious food. The bill creates a new tax credit for grocery stores that open or renovate in food deserts, offering credits up to 15% of the store's basis or renovation expenses. Additionally, the bill provides grants to food banks and temporary food providers (like mobile markets and farmers markets) operating in these underserved areas. To qualify, entities must meet specific criteria, such as being located in a food desert, serving a certain number of hours per week, and meeting nutritional standards. The bill defines a food desert as a census tract where at least 500 people or 33% of the population live more than 1 mile (in metropolitan areas) or 10 miles (in non-metropolitan areas) from a grocery store, and where the area has a poverty rate of at least 20% or median family income below 80% of the state or metropolitan area median. The tax credits and grants are subject to recapture if the providers fail to meet the program's requirements, and the program is designed to ensure proportional support for non-metropolitan areas. The bill also requires annual updates to the Food Access Research Atlas to track new food retailers.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (3)
Last Action
Referred to the Subcommittee on Nutrition and Foreign Agriculture. (on 04/18/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/2473/all-info |
BillText | https://www.congress.gov/119/bills/hr2473/BILLS-119hr2473ih.pdf |
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