Texas SB2294 provides a franchise tax credit for entities opening grocery stores or healthy corner stores in food deserts.

Texas SB2294 introduces a tax credit for entities that open grocery stores or healthy corner stores in food deserts. A grocery store must have at least 66% of its retail space for food products, with 50% for non-prepared foods and 30% for perishable foods. A healthy corner store must offer a wide variety of fresh produce and allocate at least 20% of its retail space to fresh produce and other perishable foods. To qualify, the store must be in a low or moderate income area, begin accepting WIC and SNAP benefits within 90 days of opening, and be open year-round.

Texas SB2294 provides a franchise tax credit for entities opening grocery stores or healthy corner stores in food deserts.

Texas SB2294 introduces a tax credit for entities that open grocery stores or healthy corner stores in food deserts. A grocery store must have at least 66% of its retail space for food products, with 50% for non-prepared foods and 30% for perishable foods. A healthy corner store must offer a wide variety of fresh produce and allocate at least 20% of its retail space to fresh produce and other perishable foods. To qualify, the store must be in a low or moderate income area, begin accepting WIC and SNAP benefits within 90 days of opening, and be open year-round.