H.R. 701 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, Jan 23, 2025
119th Congress
1st SessionH. R. 701
1st SessionH. R. 701
A BILL
REDUCE Food Prices Act
In the HouseNo vote yet
Sponsor: Rep. Mikie Sherrill (D-NJ-11) · Introduced Jan 23, 2025 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jan 23, 2025: “Referred to the House Committee on Ways and Means.”
Sections
Sections · 6
- Sec. 1Short titleNo change
- Sec. 2Increased rehabilitation tax credit for qualified small food retail businessesNo change
- Sec. 3Increased work opportunity tax credit for qualified small food retail businessesNo change
- Sec. 4Increased bonus depreciation for qualified small food retail businessesNo change
- Sec. 5Increased qualified business income deduction for qualified small food retail businessesNo change
- Sec. 6New food retail business tax creditNo change