Construction Defects Call to Action

House Bill-1260 “Change Wildfire Mitigation Tax Deduction To Credit” was introduced on March 4 with its first hearing scheduled in the Finance Committee on March 24. The bill changes the wildfire mitigation income tax deduction to an income tax credit. The bill allows a landowner a credit of 25 percent of the costs incurred performing wildfire mitigation measures, not to exceed $2,500. Any amount in excess of the landowner’s tax liability in the year the credit is first claimed may be carried forward to offset the landowner’s future tax liability for 5 years. The LPC will take a position on the bill during its March 13 meeting.