NC H455

Creates a 20% tax credit for grocers in food desert zones that purchase local food and farm products (fruits, vegetables, grains, meat) from producers within 150 miles.

Defines eligible products as unprocessed or minimally processed (e.g., washed and packaged produce, whole meat cuts, cleaned grains) and establishes the grocer's location in a food desert zone as a requirement.

Makes the tax credit refundable if it exceeds the taxpayer's income tax liability, with excess amounts refunded to the grocer following standard overpayment procedures.

Requires grocers claiming the credit to maintain records substantiating their purchases and allows the Department of Commerce to designate food desert zones based on USDA Economic Research Service criteria (poverty/income levels and distance to grocery stores).

Sunsets the credit effective for taxable years beginning January 1, 2020, and requires annual reporting on credit claims, amounts, and costs to the General Fund.