Grocery Affordability Act

This bill creates a federal business tax credit for grocery stores located in food deserts. A business that opens a new grocery store in a food desert could claim 30 percent of the store's cost basis, and a business that renovates the grocery sales area of a store in a food desert could claim 30 percent of the renovation costs. The credit is capped at $500,000 per taxpayer per year. A food desert is defined as a census tract where many residents live far from a grocery store and where poverty is high or income is low, as determined by the Treasury in consultation with the Department of Agriculture. The credit would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Eugene Simon Vindman Democrat sponsor
• 1 cosponsors