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Politiparty

118th Congress Taxation

H.R. 7821: SAFE Retail Act of 2024

Introduced

  1. Introduced (completed)Mar 26, 2024
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Mar 26, 2024

This bill allows small business retailers a tax credit through 2029 for certain retail theft prevention expenditures. The amount of the credit is 50% of such expenditures as exceeds $250 but does not exceed $5,000. Such expenditures include the cost of conducting employee security training and background checks, limiting and preventing access to the personal property to be sold at retail by the business operator, installing security lighting, cameras, recording equipment, and intrusion detection sensors, and implementing a site security plan.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

3

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Other bills by Ruben Gallego

History

  1. Mar 26, 2024Introduced in the House by Ruben Gallego.
Show the full action history (2 actions)
  1. Mar 26, 2024Introduced in House
  2. Mar 26, 2024Referred to the House Committee on Ways and Means.