HR 701
REDUCE Food Prices Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:13 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The REDUCE Food Prices Act aims to lower food costs by providing tax incentives to small food retail businesses. It establishes a new tax credit for these businesses, particularly those operating in areas with limited competition and low-income locations. The bill also increases several existing tax deductions and credits, including bonus depreciation, the qualified business income deduction, the rehabilitation tax credit, and the work opportunity tax credit, specifically for these qualifying businesses. This is intended to encourage the creation and growth of small, local food retailers.
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Primary sponsor
Mikie Sherrill
Cosponsors
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