Brick and Mortar Small Business Tax Credit Act of 2024

This bill creates a 5% federal tax credit for eligible small businesses based on revenue from physical store sales. It directly affects brick-and-mortar businesses with annual revenue under $2 million, where over 50% of sales occur in person at a physical location (with a modified threshold for 2025-2026). The credit applies to the first $1 million of annual revenue, phasing out entirely if revenue exceeds that amount. The credit expires after 2028, and the bill requires a $500,000 public awareness campaign to inform small businesses about the new tax benefit.