Healthy Food Access for All Americans Act

Investment in Grocery Stores: The bill provides a tax credit of 15 percent of the basis of a new grocery store or 10 percent of renovation expenditures to certified special access food providers (Section 2(a)(1)). This can encourage the establishment of new retail locations in areas lacking food access.

Support for Food Banks: A grant program is established to provide permanent food banks with a grant equal to 15 percent of qualified construction expenses (Section 2(b)(1)(B)(i)). This can help build permanent infrastructure for food distribution.

Support for Temporary Merchants: Temporary access merchants can receive grants equal to 10 percent of their annual operational costs (Section 2(b)(1)(B)(ii)). These grants can be provided for up to 10 years (Section 2(d)(2)), aiding mobile markets or farmers markets in providing food.

Improved Data Tracking: The Secretary of Agriculture is required to update the Food Access Research Atlas at least once a year to account for new food retailers (Section 3). This ensures that the tools used to identify food deserts remain accurate.

Risk of Benefit Recapture: If a qualified grocery store, renovation area, or permanent food bank fails to meet certification requirements during the five years following its service, the benefit will be recaptured (Section 2(e)(1)). For temporary access merchants, the benefit can be recaptured if they fail to meet requirements during the grant period (Section 2(e)(2)).

Financial Penalties for Non-Compliance: If a special access food provider fails to satisfy the required criteria, their tax liability may be increased by a percentage of the credit or grant amount (Section 2(e)(3)).

Reduction of Asset Basis: The basis of any qualified grocery store, food bank, mobile market, or farmers market will be reduced by the amount of the credit or grant received (Section 2(f)).