To amend the Internal Revenue Code of 1986 to provide for a tax credit with respect to fighting retail crime, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide for a tax credit with respect to fighting retail crime, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Trade, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H88840C96484F4EB5BEFD5A0641A65874: 1. Short title This Act may be cited as the Safer American Family Enterprise Retail Act of 2024 or the SAFE Retail Act of 2024.
- Section HC091948043FE4FF2BC8441C4E884C757: 2. Retail theft prevention credit for small retail businesses Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended...
- Section H9E635BB30EB74DE3800BC435C96B8250: 45BB. Retail theft prevention credit for small retail businesses For purposes of section 38, in the case of any eligible small retail business operator, the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide for a tax credit with respect to fighting retail crime, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Trade, Labor
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide for a tax credit with respect to fighting retail crime, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Gallego introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology