Tax Credits for Supermarkets Located in Food Deserts

Baltimore Mayor Stephanie Rawlings-Blake introduced legislation today authorizing the City to grant a property tax credit for supermarkets built in food deserts. As reported by the Baltimore Sun,

The bill, which is scheduled to be filed with the City Council, would allow supermarkets built within a quarter mile of a city food desert to forego 80 percent of their personal property taxes for 10 years.

The bill also authorizes the breaks for supermarkets that undergo significant renovations in parts of Baltimore that would be food deserts were it not for those markets.

The tax breaks could be worth more than $100,000 annually based on the size and value of the markets.

A food desert is defined as an area being more than a quarter mile away from a supermarket and with high levels of poverty.

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