Bill > SB952

This bill, known as the Fire Safe Home Tax Credits Act, allows credits against the personal income tax for each taxable year from 2025 to 2030 for qualified taxpayers who incur costs for qualified home hardening and qualified vegetation management on their properties located in moderate, high, or very high fire hazard severity zones. The credit amounts range from $2,500 to $10,000 for home hardening and up to $1,000 for vegetation management, with a total aggregate cap of $500 million per year. Taxpayers must reserve the credits with the Franchise Tax Board prior to incurring the costs. The bill also requires the Legislative Analyst's Office to prepare a report on the use of the credits to measure whether they achieve the goals of increasing wildfire preparedness and compensating taxpayers for mitigation measures.