Bill > SB1084

This bill, known as the Fire Safe Home Tax Credits Act, proposes to create new personal income tax credits for qualified taxpayers in California for taxable years between January 1, 2027, and January 1, 2032, to encourage homeowners to make their properties more resistant to wildfires. Specifically, it allows a credit for 50% of qualified costs for "home hardening" (making structural features like roofs, vents, and decks more fire-resistant) up to $5,000 in high fire hazard severity zones and up to $10,000 in very high fire hazard severity zones, and a separate credit for 50% of qualified costs for "vegetation management" (creating defensible space, thinning trees, etc.) up to $2,500 per taxable year. To be eligible, taxpayers must own a home in a designated fire hazard zone, have an adjusted gross income below certain thresholds ($140,000 for joint filers, $70,000 for single filers), and have obtained a "credit reservation" from the Franchise Tax Board, which is the state's tax agency, to ensure the total credits claimed do not exceed $50 million annually. The bill also requires specific reporting on the credit's effectiveness and takes effect immediately as a tax levy.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB1084