# 119-hr-701: REDUCE Food Prices Act

119-hr-701, REDUCE Food Prices Act, is a 119th Congress bill sponsored by Rep. Sherrill, Mikie [D-NJ-11] (D-NJ); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-701
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-701
- Congress: 119
- Title: REDUCE Food Prices Act
- Status: introduced
- Introduced: 2025-01-23
- Sponsor: Rep. Sherrill, Mikie [D-NJ-11] (D-NJ)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Boosts tax incentives for small food retailers in low-competition counties.** The bill would expand several tax breaks to encourage new and renovated grocery and produce stores in concentrated markets and aim to lower local food prices. - Families and shoppers: Could expand local access to groceries in counties with limited competition and may help push down prices by encouraging more stores. - Small food retailers and investors: Would raise the rehabilitation tax credit to 25% and create a new 15% investment credit for recently opened food retail businesses, while also expanding bonus depreciation and the qualified business income deduction for qualifying stores. - Workers and hiring: Would increase the Work Opportunity Tax Credit wage-credit caps, making hires at qualifying small food retailers more attractive to employers (for example, one cap rises from $6,000 to $8,000).

## Cosponsors (2)

- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2025-01-23T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2025-11-12T00:00:00.000Z

## Provisions PRIA read

- Bigger business deduction for retailers: benefit, high. This bill would increase the qualified business income deduction to 25% for qualifying small food retail businesses. The change would apply for taxable years beginning after enactment and only to taxpayers that meet the qualifying small food retail business definition.
- Higher bonus depreciation rates: benefit, high. This bill would raise first-year bonus depreciation for qualifying small food retailers. The rates would change to 70%, 50%, and 30% in the referenced tiers instead of 60%, 40%, and 20%. The higher rates would apply to property placed in service and to fruit-and-nut plants planted or grafted after…
- Higher rehabilitation credit for retailers: benefit, high. This bill would raise the rehab tax credit to 25% for qualifying small food retail businesses. To qualify, the business would need at least 70% of average annual sales from retail food or produce, meet a size test tied to a $200 million threshold, and be located in a county with a retail food HHI o…
- Higher WOTC wage caps for retailers: benefit, high. This bill would raise the wage limits used to compute the Work Opportunity Tax Credit for qualifying small food retail employers. The bill would substitute $8,000, $14,000, $16,000, and $26,000 for the prior dollar caps. The change would apply to wages paid in taxable years beginning after enactmen…
- New investment credit for new stores: benefit, high. This bill would create a new credit equal to 15% of qualified capital investments for 'new food retail businesses.' A new food retail business would be a qualifying small food retail business that began operations within the prior three taxable years. The credit would be part of the general busines…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-5658: Child Care for Every Community Act
- 119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025

## Sources
- [119-hr-701 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/701)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-5658: Child Care for Every Community Act](https://policyrisk.com/legislation/119-hr-5658)
- [119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025](https://policyrisk.com/legislation/119-hr-2045)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-701 (as of 2026-04-21).