TX SB2474

Creates a 5% ad valorem (property) tax credit for real property used to operate grocery stores or healthy corner stores located in designated food deserts

Defines "food desert" as a census tract with poverty rate of 20% or higher (or median family income at/below 80% of area median) where at least 500 people or 33% of residents live more than 1 mile from a grocery store in urban areas, or 10 miles in rural areas

Grocery stores must dedicate at least 66% of retail space to food products, with 50% for non-prepared foods and 30% for perishable items; healthy corner stores must be under 2,000 square feet with at least 20% of space for fresh produce and perishables

Tax credit continues automatically each year until census data shows the area no longer qualifies as a food desert, and transfers with property ownership changes as long as qualifying use continues

Takes effect January 1, 2026, contingent on voter approval of a related constitutional amendment proposed by the 89th Legislature