Personal Income Tax Law: Corporation Tax Law: credits: retail security measures.
Returned to Secretary of Senate pursuant to Joint Rule 56.
Summary
The bill would let qualifying retail businesses claim a credit against their personal income or corporate tax for up to $10,000 each year, based on spending on security equipment and services. It targets retailers of any size, requiring minimum expenditures that vary by workforce size, and the credit can be carried forward for up to seven years. The measure aims to reduce shoplifting by encouraging stronger on‑site security.
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May 14 set for first hearing. Failed passage in committee. (Ayes 1. Noes 4. Page 1083.) Reconsideration granted. · May 14, 2025
Hearings
- Revenue and Taxation Committee HearingRevenue and Taxation · May 14, 2025
History
- Returned to Secretary of Senate pursuant to Joint Rule 56.
- May 14 set for first hearing. Failed passage in committee. (Ayes 1. Noes 4. Page 1083.) Reconsideration granted.
- From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
- Set for hearing May 14.
- Referred to Com. on REV. & TAX.
- From printer. May be acted upon on or after March 23.
- Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sponsors
- Choi · sponsor
- Alanis
- Alvarado-Gil
- Ochoa Bogh
- Wallis
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