Search Results: keywords:"fire-resistant improvements"

  • H. R. 6861 — To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for wildfire mitigation expenditures.
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    Status:Introduced in House
    Words:1,364

    The H. R. 6861 bill proposes a change to the Internal Revenue Code of 1986 to offer a refundable tax credit for costs linked to protecting homes from wildfires. This credit is 25% of qualifying expenses, with a limit of $25,000 per year, but it reduces for people earning over...

    Simple Explanation

    The H. R. 6861 bill wants to help people make their homes safer from wildfires by giving them money back as a tax credit for doing things like putting special coverings on roofs and walls or clearing away bushes. But not everyone can get the same amount, and there are some rules that might make it tricky for some people to get the full help they need.

  • H. R. 948 — To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for wildfire mitigation expenditures.
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    Status:Introduced in House
    Words:1,366

    H.R. 948 proposes changes to the Internal Revenue Code to offer a refundable tax credit for individuals who spend money on wildfire mitigation efforts. Under the bill, eligible taxpayers can receive a credit worth 25% of their qualified expenses, up to a maximum of $25,000....

    Simple Explanation

    H.R. 948 aims to help people spend on protecting their homes from wildfires by giving them some money back. The government plans to give back 25 cents for every dollar people spend on making their homes safer from fires, up to $25,000, but only until the end of 2032.