To amend the Internal Revenue Code of 1986 to adjust the applicable percentage of the new markets tax credit, the application of such credit to certain agricultural trades or businesses, and for other purposes.
Local Food Production Enhancement Act of 2021
This bill increases the credit percentage of the new markets tax credit and allows such credit for farming businesses conducted in certain low-income or rural areas that are a certain distance from a large grocery store.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line