Supermarket Tax Credit for Underserved Areas Act

Summary

Official

Supermarket Tax Credit for Underserved Areas Act This bill expands the tax credits that are available for the establishment of supermarkets in underserved areas. The bill includes provisions that (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2021, and before January 1, 2025, in an underserved...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(7/26/21)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Cohen

House (D) Tennessee – 9

Cosponsors (10)

Hayes

House (D) Connecticut

Neguse

House (D) Colorado

Titus

House (D) Nevada

Khanna

House (D) California

Raskin

House (D) Maryland

Kelly

House (D) Illinois

Scanlon

House (D) Pennsylvania

Carson

House (D) Indiana

McGovern

House (D) Massachusetts

Norton

House (D) District of Columbia

Topics

Health

Business & Finance

Employment

Environment & Public Lands

Latest Action

Referred to the House Committee on Ways and Means.

Jul 26, 2021