California SB665 would allow a tax credit for retail businesses investing in theft prevention measures.

California SB665 would allow a tax credit for retail businesses investing in theft prevention measures. The bill defines "qualified expenditures" as expenses exceeding $300 for businesses with 25 or fewer employees and $500 for larger businesses. The credit can be up to $10,000 per year and can be carried over for up to eight years if unused. The credit is available for expenditures on measures such as security cameras, lighting, locking mechanisms, alarm systems, and access control systems. The Franchise Tax Board can create regulations to manage the credit and ensure proper claims.

California SB665 would allow a tax credit for retail businesses investing in theft prevention measures.

California SB665 would allow a tax credit for retail businesses investing in theft prevention measures. The bill defines "qualified expenditures" as expenses exceeding $300 for businesses with 25 or fewer employees and $500 for larger businesses. The credit can be up to $10,000 per year and can be carried over for up to eight years if unused. The credit is available for expenditures on measures such as security cameras, lighting, locking mechanisms, alarm systems, and access control systems. The Franchise Tax Board can create regulations to manage the credit and ensure proper claims.