Modifies provisions of the urban farm tax credit to include certain specialty crop farms located in a food desert and establishes a tax credit for grocery stores in a food desert
Impact
If enacted, HB1520 will fundamentally alter provisions regarding tax credits in the state, specifically targeting food deserts—areas defined by high poverty rates and limited access to grocery stores. Starting in 2026, this bill allows taxpayers to claim significant tax credits for establishing or improving urban farms and full-service grocery stores in rural and urban food deserts. This initiative is expected to support community health and wellbeing by making nutritious foods more accessible to residents in these areas.
Summary
House Bill 1520 seeks to enhance access to food in underserved areas designated as food deserts by introducing tax credits for both grocery stores and urban farms. This bill modifies existing laws related to tax credits and aims to encourage the establishment of grocery stores and specialty crop farms in areas lacking sufficient access to healthy food options. The tax credits provided under this legislation would serve as a financial incentive for businesses to invest in these communities, promoting economic development while addressing food security issues.
Contention
Despite its potential benefits, the bill has sparked discussions regarding its implementation and efficacy. Opponents may argue about the adequacy of the defined food desert criteria, as well as the effectiveness of tax credits as a tool for improving food access. There are also concerns related to the sustainability of businesses that might be established through these incentives, specifically regarding whether they will remain operational in the long run or adequately serve the needs of the community.
Modifies provisions of the urban farm tax credit to include certain specialty crop farms located in a food desert and establishes a tax credit for grocery stores in a food desert