Healthy Food Access for All Americans Act

Investment in Grocery Stores: Taxpayers certified as special access food providers can receive a credit equal to 15 percent of the basis of a qualified grocery store (Section 2(a)(1)(B)(i)). This could help establish new stores in areas needing them.

Support for Renovations: The bill allows for a credit of 10 percent of renovation expenditures for qualifying grocery stores (Section 2(a)(1)(B)(ii)). This could help existing stores improve their facilities.

Funding for Food Banks: The program provides grants to permanent food banks at a rate of 15 percent of qualified construction expenses (Section 2(b)(1)(B)(i)). This can help build more permanent food distribution infrastructure.

Support for Temporary Merchants: Temporary access merchants can receive grants equal to 10 percent of annual operational costs (Section 2(b)(1)(B)(ii)). These grants can be provided on an annual basis for up to 10 years (Section 2(d)(2)).

Improved Information Accuracy: 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 more accurate data regarding food access.

Risk of Benefit Recapture: If a qualified grocery store, renovation area, or permanent food bank fails to meet requirements during the 5-year period after being placed in service, the benefit must be recaptured (Section 2(e)(1)). This could lead to unexpected tax increases for providers that fall out of compliance (Section 2(e)(3)).

Grant Recapture for Temporary Merchants: Benefits provided to temporary access merchants may also be subject to recapture if they fail to satisfy requirements (Section 2(e)(2)).

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