U.S. Representative Kevin Kiley (R-Rocklin) has introduced the Supporting Affordable Fire Emergency Hardening through Optimized Mitigation Efforts (SAFE HOME) Act (H.R. 6861). This Act aims to provide relief to Californians who are facing difficulties in affording higher home insurance rates and in making their homes more resistant to fires.
Specifically, the SAFE HOME Act (H.R. 6861) would:
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Create a 25% refundable tax credit for wildfire mitigation (home hardening).
- Credit is capped at $25,000 a year. -
Include a phaseout starting at $200k and drops by 25% every $25,000 in income above $200,000. At $300,000 the credit is fully phased out.
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Include an inflation adjustment for any year after 2024 equal to the cost-of-living adjustment.
Click here to view the text of the bill. For more information, contact RCRC Senior Policy Advocate, Staci Heaton.