Assembly BillFailedRevenue and Taxation
AB 976: Personal Income Tax Law: Corporation Tax Law: California Retail Security Tax Credit.
What AB 976 does, verified February 3, 2026
This bill allows a tax credit to businesses operating in disadvantaged communities. The credit is available for taxable years 2026-2028 and is limited to businesses with total gross annual receipts of $5,000,000 and 25 or fewer employees. The credit amount is equal to the taxpayer's qualified retail theft prevention measure expenses at retail locations in the state, up to $4,000 per year. The total amount of tax credits allocated per year is capped at $10,000,000. The bill also includes findings and reporting requirements to ensure the tax credit achieves its intended goals. The tax credit is subject to a credit reservation by the Franchise Tax Board.
Bill journey
✓IntroducedComplete
2In CommitteeCurrent
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (2026-02-02)Alert me
Author and sponsors
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| Feb. 02, 2026 | From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. |
| Jan. 31, 2026 | Died pursuant to Art. IV, Sec. 10(c) of the Constitution. |
| May. 05, 2025 | In committee: Set, second hearing. Held under submission. |
| Apr. 29, 2025 | Re-referred to Com. on REV. & TAX. |
| Apr. 28, 2025 | From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. |