H.R. 7821 · 118th Congress
SAFE Retail Act of 2024
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
GallegoSponsor
Safer American Family Enterprise Retail Act of 2024 or the SAFE Retail Act of 2024
What it does: CRS summary · Introduced in House · Mar 26, 2024
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SAFE Retail Act of 2024
Also known as: Safer American Family Enterprise Retail Act of 2024
Latest action (Mar 26, 2024): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 26, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.