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 . 2. Retail theft prevention credit for small retail businesses (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB. Retail theft prevention credit for small retail businesses (a) In general For purposes of section 38, in the case of any eligible small retail business operator, the retail theft prevention credit determined under this section for any taxable year is an amount equal to 50 percent of so much of the eligible expenditures for the taxable year as exceeds $250 but does not exceed $5,000. (b) Limitation The credit determined under subsection (a) with respect to the taxpayer for any taxable year shall not exceed the excess (if any) of $2,500 over the aggregate credits allowed under this section with respect to the taxpayer for all prior taxable years. (c) Eligible small retail business operator For purposes of this section, the term eligible small retail business operator means a person that is— (1) not an applicable large employer (as defined in section 4980H(c)), and (2) engaged in the trade or business of selling tangible personal property at retail from an office, store, or any other physical location open to the public. (d) Eligible expenditures (1) In general For purposes of this section, the term eligible expenditures means, with respect to any eligible small retail business operator for any taxable year, amounts paid or incurred by such operator during such taxable year for— (A) conducting employee security training and background checks, (B) limiting and preventing access to the personal property to be sold at retail in the possession of the operator, (C) acquiring non-lethal devices used to deter, prevent, or mitigate against the theft of such personal property, (D) protecting any facility in which the operator stores such personal property, (E) installing