To amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment and operation of small food retail businesses in areas with high food retail concentration and low levels of competition.

10/16/2024, 8:05 AM

Summary of Bill HR 9993

The bill "To amend the Internal Revenue Code of 1986" (H.R. 9993) was introduced in the 118th Congress on October 15, 2024. Its purpose is to provide tax incentives for the establishment and operation of small food retail businesses in areas characterized by high food retail concentration and low levels of competition.

Current Status of Bill HR 9993

Bill HR 9993 is currently in the status of Bill Introduced since October 15, 2024. Bill HR 9993 was introduced during Congress 118 and was introduced to the House on October 15, 2024. Bill HR 9993's most recent activity was Referred to the House Committee on Ways and Means. as of October 15, 2024

Bipartisan Support of Bill HR 9993

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 9993

Primary Policy Focus

Alternate Title(s) of Bill HR 9993

To amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment and operation of small food retail businesses in areas with high food retail concentration and low levels of competition.

Comments

Autumn Leach

997

1 year ago

I don't think this bill is a good idea. It could hurt existing businesses and create unfair competition. How will this bill impact small food retail businesses in the short term?

Kaison Levin

970

1 year ago

Seems like this bill is all about giving handouts to small food shops in certain areas. Not sure how that's gonna help me out in UT, but hey, someone's gotta benefit from it, right?