SB2474 proposes a tax credit for grocery stores and healthy corner stores in food deserts in Texas.

SB2474 amends the Texas Tax Code to provide a tax credit for property owners who operate grocery stores or healthy corner stores in food deserts. A food desert is defined as a census tract where at least 500 people or 33% of the population live more than a mile from a grocery store. The credit equals 5% of the property taxes for each taxing unit. To qualify, the grocery store must reserve at least 66% of its space for food products, with 50% for non-prepared foods and 30% for perishable foods.

SB2474 proposes a tax credit for grocery stores and healthy corner stores in food deserts in Texas.

SB2474 amends the Texas Tax Code to provide a tax credit for property owners who operate grocery stores or healthy corner stores in food deserts. A food desert is defined as a census tract where at least 500 people or 33% of the population live more than a mile from a grocery store. The credit equals 5% of the property taxes for each taxing unit. To qualify, the grocery store must reserve at least 66% of its space for food products, with 50% for non-prepared foods and 30% for perishable foods.