,i #aai? ,,congress #a/ ,session ,h4 ,r4 #idh ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #d1 #bjbe,mr4 ,kiley ( ,cali=nia introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to provide a refundable cr$it aga9/ tax = wildfire mitigation exp5ditures4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,support+ ,af=dable ,fire ,em]g5cy ,h>d5+ ?r\gh ,optimiz$ ,mitigation ,ef=ts ,act or ! ,,safe ,,home ,act4 #b4 ,refundable p]sonal cr$it = wildfire mitigation exp5ditures 7a7 ,9 g5]al ,subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to refundable cr$its7 is am5d$ by ins]t+ aft] section #cf;,b ! foll[+ new section3 #cf;,c4 ,wildfire mitigation exp5ditures 7a7 ,all[ance ( cr$it ,9 ! case ( an individual1 !re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is *apt] = ! taxable ye> an am\nt equal to #be p]c5t ( ! qualifi$ wildfire mitigation exp5ditures made by ! taxpay] dur+ su* taxable ye>4 7b7 ,maximum cr$it 7#a7 ,9 g5]al ,subject to p>agraphs 7#b7 & 7#c71 ! cr$it all[$ "u subsection 7a7 = any taxable ye> %all n exce$ #be1jjj4 7#b7 ,phase\t 7,a7 ,9 g5]al ,! am\nt "u p>agraph 7#a7 = ! taxable ye> %all be r$uc$ 7b n bel[ z]o7 by an am\nt :i* be>s ! same ratio to ! am\nt "u su* p>agraph z-- 7i7 ! excess 7if any7 (-- 7,i7 ! taxpay]'s adju/$ gross income = su* taxable ye>1 ov] 7,,ii7 #bjj1jjj1 be>s to 7ii7 #ajj1jjj4 7,b7 ,inflation adju/m5t ,9 ! case ( any taxable ye> aft] #bjbd1 ea* ( ! doll> am\nts "u subp>agraph 7,a7 %all be increas$ by an am\nt equal to-- 7i7 su* doll> am\nt1 multipli$ by 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ cal5d> ye> #bjbc = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 7,c7 ,r\nd+ ,if any r$uction det]m9$ "u subp>agraph 7,a7 is n a multiple ( #ej1 or any increase "u subp>agraph 7,b7 is n a multiple ( #ej1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #ej4 7c7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,qualifi$ wildfire mitigation exp5diture 7,a7 ,9 g5]al ,! t]m qualifi$ wildfire mitigation exp5diture means an exp5diture relat+ to a qualifi$ dwell+ unit-- 7i7 = prop]ty to improve fire resi/ance 7n less ?an a class ,a rat+7 ( a ro( cov]+1 7ii7 to in/all-- 7,i7 ro( cov]+s1 %ea?+1 fla%+1 ro( & attic v5ts1 eaves1 or gutt]s t con=m to ignition-resi/ant con/ruction /&>ds1 7,,ii7 wall compon5ts = wall assemblies t con=m to ignition-resi/ant con/ruction /&>ds1 7,,iii7 ext]ior walls1 doors1 w9d[s1 or o!r ext]ior dwell+ unit elem5ts t con=m to ignition-resi/ant con/ruction /&>ds1 7,,iv7 ext]ior deck or f5ce compon5ts t con=m to ignition-resi/ant con/ruction /&>ds1 or 7,v7 /ructure-specific wat] hydration sy/ems1 includ+ fire mitigation sy/ems su* z int]ior & ext]ior spr9kl] sy/ems1 or 7iii7 = s]vices or equipm5t to-- 7,i7 create buff]s ar\nd ! qualifi$ dwell+ unit ?r\gh ! removal or r$uction ( flammable vegetation1 includ+ v]tical cle>ance ( tree bran*es1 7,,ii7 create buff]s ar\nd ! dwell+ unit ?r\gh-- 7aa7 ! removal ( ext]ior deck or f5ce compon5ts or ignition-prone l&scape features1 or 7bb7 replacem5t ( ! compon5ts or features describ$ 9 item 7aa7 ) compon5ts t con=m to ignition-resi/ant con/ruction /&>ds1 7,,iii7 p]=m fire ma9t5ance proc$ures id5tifi$ by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy or ! ,unit$ ,/ates ,=e/ ,s]vice1 includ+ fuel managem5t te*niques su* z creat+ fuel & fire breaks1 7,,iv7 replace flammable vegetation ) less flammable species1 or 7,v7 prev5t smoke inhalation1 su* z air filt]s or o!r equipm5t design$ to prev5t smoke f ent]+ ! dwell+ unit4 7,b7 ,exception ,! t]m qualifi$ wildfire mitigation exp5diture %all n include any exp5diture or portion !re( :i* is paid1 fund$1 or reimburs$ by a ,f$]al1 ,/ate1 or local gov]nm5t entity1 or any political subdivision1 ag5cy1 or in/rum5tality !re(4 7#b7 ,qualifi$ dwell+ unit ,! t]m qualifi$ dwell+ unit means a dwell+ unit :i* is-- 7,a7 locat$-- 7i7 9 ! ,unit$ ,/ates or 9 a t]ritory ( ! ,unit$ ,/ates1 & 7ii7 9 an area-- 7,i7 9 :i* a ,f$]al natural disa/] decl>ation has be5 made )9 ! prec$+ #aj-ye> p]iod ) respect to a wildfire1 7,,ii7 :i* is adjac5t to an area describ$ 9 subclause 7,i71 7,,iii7 :i*1 dur+ ! taxable ye> or ! p]iod ( ! #aj taxable ye>s prec$+ su* taxable ye>1 has receiv$ haz>d mitigation assi/ance ?r\gh ! ,f$]al ,em]g5cy ,managem5t ,ag5cy 9 reg>d to any wildfire :i*1 ) respect to ! exp5diture describ$ 9 p>agraph 7#a7 :i* is made by ! taxpay]1 is applicable to su* exp5diture1 or 7,,iv7 :i*1 ) respect to any taxable ye>1 has be5 designat$ z a community disa/] resili5ce zone 7z def9$ 9 section #bjf7;a7 ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eacf7;a777 z ! result ( a wildfire1 & 7,b7 us$ z a prim>y resid5ce by ! taxpay]4 7d7 ,docum5tation ,any taxpay] claim+ ! cr$it "u ?is section %all provide ! ,secret>y ) adequate docum5tation reg>d+ ! specific qualifi$ wildfire mitigation exp5ditures made by ! taxpay] dur+ ! taxable ye>1 z well z su* o!r in=mation or docum5tation z ! ,secret>y may require4 7e7 ,t]m9ation ( cr$it ,! cr$it all[$ "u ?is section %all n apply to wildfire mitigation exp5ditures made aft] ,decemb] #ca1 #bjcb4 4 7b7 ,con=m+ am5dm5t ,! table ( sections = subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #cf;,b ! foll[+ new item3 ,sec4 #cf;,c4 ,wildfire mitigation exp5ditures4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbd4