SAFE Retail Act of 2024
Summary
Safer American Family Enterprise Retail Act of 2024 or the SAFE Retail Act of 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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
President
Introduced Mar 26, 2024
Last action Mar 26, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 26, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
Mar 26, 2024
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ruben Gallego
DDemocratic
Co
Ami Bera
DDemocratic
Co
David J. Trone
DDemocratic
Co
Jim Costa
DDemocratic
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