US Congress House Bill 1542 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on April 14 2011 - 25% progression, died in committee
Action: 2011-04-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Supermarket Tax Credit for Underserved Areas Act - Amends the Internal Revenue Code to: (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2011, and before January 1, 2014, in an underserved area (i.e., any enterprise community or empowerment zone and any renewal community); (2) increase by $1,000 the the limit on wages eligible for the work opportunity tax credit for employees of a 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 supermarket in an underserved area.

Supermarket Tax Credit for Underserved Areas Act

Rep. Steve Cohen [D-TN]	Rep. Leonard Boswell [D-IA]	Rep. Robert Brady [D-PA]	Rep. Hansen Clarke [D-MI]
Rep. Marcia Fudge [D-OH]	Rep. Henry Johnson [D-GA]	Rep. Eleanor Norton [D-DC]	Rep. Laura Richardson [D-CA]

Date	Chamber	Action
2011-04-14	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1542/all-info
Text	https://www.congress.gov/112/bills/hr1542/BILLS-112hr1542ih.pdf