Personal Income Tax Law: Corporation Tax Law: California Retail Security Tax Credit.
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Summary
The bill would let qualifying small retail businesses claim a credit against their state income or corporation tax for up to $4,000 of expenses on security measures such as cameras or alarms. Eligibility is limited to retailers in disadvantaged neighborhoods that earn $5 million or less and have 25 or fewer full‑time‑equivalent employees. The credit is allocated through a reservation system and expires after 2027.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Ask about AB 976
3 free questions a day, no accountHearings
- Revenue and Taxation Committee HearingRevenue and Taxation · May 5, 2025
- Revenue and Taxation Committee HearingRevenue and Taxation · Mar 24, 2025
History
- From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
- Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
- In committee: Set, second hearing. Held under submission.
- Re-referred to Com. on REV. & TAX.
- From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
- In committee: Set, first hearing. Referred to suspense file.
- Re-referred to Com. on REV. & TAX.
- From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
- Referred to Com. on REV. & TAX.
- From printer. May be heard in committee March 23.
- Read first time. To print.
Sponsors
- Ávila Farías · sponsor
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