HR 7821
118th Congress
House
Taxation
SAFE Retail Act of 2024
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2024
Referred to the House Committee on Ways and Means.
Mar 26, 2024
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1