Security Industry Association (SIA) testified before the California Assembly Committee on Revenue and Taxation in support of California Assembly Bill 976, legislation that would establish a tax credit program for small retailers in disadvantaged communities who purchase or install security equipment.
The bill, introduced Feb. 20 by Assembly Member Anamarie Ávila Farías (D-15), would create a tax program modelled after New York’s Commercial Security Tax Credit program, but narrower in scope – focused on small retail businesses operating in disadvantaged communities – to assist businesses with one-time costs associated with the purchase and installation of new security equipment.
