Us Congress 2025-2026 Regular Session

Us Congress House Bill HB948 Compare Versions

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Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 948
5	5	To amend the Internal Revenue Code of 1986 to provide a refundable credit
6	6	against tax for wildfire mitigation expenditures.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	FEBRUARY4, 2025
9	9	Mr. K
10	10	ILEYof California introduced the following bill; which was referred to
11	11	the Committee on Ways and Means
12	12	A BILL
13	13	To amend the Internal Revenue Code of 1986 to provide
14	14	a refundable credit against tax for wildfire mitigation
15	15	expenditures.
16	16	Be it enacted by the Senate and House of Representa-1
17	17	tives of the United States of America in Congress assembled, 2
18	18	SECTION 1. SHORT TITLE. 3
19	19	This Act may be cited as the ‘‘Supporting Affordable 4
20	20	Fire Emergency Hardening through Optimized Mitigation 5
21	21	Efforts Act’’ or the ‘‘SAFE HOME Act’’. 6
22	22	SEC. 2. REFUNDABLE PERSONAL CREDIT FOR WILDFIRE 7
23	23	MITIGATION EXPENDITURES. 8
24	24	(a) I
25	25	NGENERAL.—Subpart C of part IV of sub-9
26	26	chapter A of chapter 1 of the Internal Revenue Code of 10
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29	29	•HR 948 IH
30	30	1986 (relating to refundable credits) is amended by insert-1
31	31	ing after section 36B the following new section: 2
32	32	‘‘SEC. 36C. WILDFIRE MITIGATION EXPENDITURES. 3
33	33	‘‘(a) A
34	34	LLOWANCE OFCREDIT.—In the case of an in-4
35	35	dividual, there shall be allowed as a credit against the tax 5
36	36	imposed by this chapter for the taxable year an amount 6
37	37	equal to 25 percent of the qualified wildfire mitigation ex-7
38	38	penditures made by the taxpayer during such taxable year. 8
39	39	‘‘(b) M
40	40	AXIMUMCREDIT.— 9
41	41	‘‘(1) I
42	42	N GENERAL.—Subject to paragraphs (2) 10
43	43	and (3), the credit allowed under subsection (a) for 11
44	44	any taxable year shall not exceed $25,000. 12
45	45	‘‘(2) P
46	46	HASEOUT.— 13
47	47	‘‘(A) I
48	48	N GENERAL.—The amount under 14
49	49	paragraph (1) for the taxable year shall be re-15
50	50	duced (but not below zero) by an amount which 16
51	51	bears the same ratio to the amount under such 17
52	52	paragraph as— 18
53	53	‘‘(i) the excess (if any) of— 19
54	54	‘‘(I) the taxpayer’s adjusted 20
55	55	gross income for such taxable year, 21
56	56	over 22
57	57	‘‘(II) $200,000, bears to 23
58	58	‘‘(ii) $100,000. 24
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62	62	‘‘(B) INFLATION ADJUSTMENT .—In the 1
63	63	case of any taxable year after 2024, each of the 2
64	64	dollar amounts under subparagraph (A) shall 3
65	65	be increased by an amount equal to— 4
66	66	‘‘(i) such dollar amount, multiplied by 5
67	67	‘‘(ii) the cost-of-living adjustment de-6
68	68	termined under section 1(f)(3) for the cal-7
69	69	endar year in which the taxable year be-8
70	70	gins, determined by substituting ‘calendar 9
71	71	year 2023’ for ‘calendar year 2016’ in sub-10
72	72	paragraph (A)(ii) thereof. 11
73	73	‘‘(C) R
74	74	OUNDING.—If any reduction deter-12
75	75	mined under subparagraph (A) is not a multiple 13
76	76	of $50, or any increase under subparagraph (B) 14
77	77	is not a multiple of $50, such amount shall be 15
78	78	rounded to the nearest multiple of $50. 16
79	79	‘‘(c) D
80	80	EFINITIONS.—For purposes of this section— 17
81	81	‘‘(1) Q
82	82	UALIFIED WILDFIRE MITIGATION EX -18
83	83	PENDITURE.— 19
84	84	‘‘(A) I
85	85	N GENERAL.—The term ‘qualified 20
86	86	wildfire mitigation expenditure’ means an ex-21
87	87	penditure relating to a qualified dwelling unit— 22
88	88	‘‘(i) for property to improve fire re-23
89	89	sistance (not less than a class A rating) of 24
90	90	a roof covering, 25
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93	93	•HR 948 IH
94	94	‘‘(ii) to install— 1
95	95	‘‘(I) roof coverings, sheathing, 2
96	96	flashing, roof and attic vents, eaves, 3
97	97	or gutters that conform to ignition-re-4
98	98	sistant construction standards, 5
99	99	‘‘(II) wall components for wall 6
100	100	assemblies that conform to ignition-re-7
101	101	sistant construction standards, 8
102	102	‘‘(III) exterior walls, doors, win-9
103	103	dows, or other exterior dwelling unit 10
104	104	elements that conform to ignition-re-11
105	105	sistant construction standards, 12
106	106	‘‘(IV) exterior deck or fence com-13
107	107	ponents that conform to ignition-re-14
108	108	sistant construction standards, or 15
109	109	‘‘(V) structure-specific water hy-16
110	110	dration systems, including fire mitiga-17
111	111	tion systems such as interior and exte-18
112	112	rior sprinkler systems, or 19
113	113	‘‘(iii) for services or equipment to— 20
114	114	‘‘(I) create buffers around the 21
115	115	qualified dwelling unit through the re-22
116	116	moval or reduction of flammable vege-23
117	117	tation, including vertical clearance of 24
118	118	tree branches, 25
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122	122	‘‘(II) create buffers around the 1
123	123	dwelling unit through— 2
124	124	‘‘(aa) the removal of exterior 3
125	125	deck or fence components or igni-4
126	126	tion-prone landscape features, or 5
127	127	‘‘(bb) replacement of the 6
128	128	components or features described 7
129	129	in item (aa) with components 8
130	130	that conform to ignition-resistant 9
131	131	construction standards, 10
132	132	‘‘(III) perform fire maintenance 11
133	133	procedures identified by the Federal 12
134	134	Emergency Management Agency or 13
135	135	the United States Forest Service, in-14
136	136	cluding fuel management techniques 15
137	137	such as creating fuel and fire breaks, 16
138	138	‘‘(IV) replace flammable vegeta-17
139	139	tion with less flammable species, or 18
140	140	‘‘(V) prevent smoke inhalation, 19
141	141	such as air filters or other equipment 20
142	142	designed to prevent smoke from enter-21
143	143	ing the dwelling unit. 22
144	144	‘‘(B) E
145	145	XCEPTION.—The term ‘qualified 23
146	146	wildfire mitigation expenditure’ shall not in-24
147	147	clude any expenditure or portion thereof which 25
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150	150	•HR 948 IH
151	151	is paid, funded, or reimbursed by a Federal, 1
152	152	State, or local government entity, or any polit-2
153	153	ical subdivision, agency, or instrumentality 3
154	154	thereof. 4
155	155	‘‘(2) Q
156	156	UALIFIED DWELLING UNIT .—The term 5
157	157	‘qualified dwelling unit’ means a dwelling unit which 6
158	158	is— 7
159	159	‘‘(A) located— 8
160	160	‘‘(i) in the United States or in a terri-9
161	161	tory of the United States, and 10
162	162	‘‘(ii) in an area— 11
163	163	‘‘(I) in which a Federal natural 12
164	164	disaster declaration has been made 13
165	165	within the preceding 10-year period 14
166	166	with respect to a wildfire, 15
167	167	‘‘(II) which is adjacent to an 16
168	168	area described in subclause (I), 17
169	169	‘‘(III) which, during the taxable 18
170	170	year or the period of the 10 taxable 19
171	171	years preceding such taxable year, has 20
172	172	received hazard mitigation assistance 21
173	173	through the Federal Emergency Man-22
174	174	agement Agency in regard to any 23
175	175	wildfire which, with respect to the ex-24
176	176	penditure described in paragraph (1) 25
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180	180	which is made by the taxpayer, is ap-1
181	181	plicable to such expenditure, or 2
182	182	‘‘(IV) which, with respect to any 3
183	183	taxable year, has been designated as a 4
184	184	community disaster resilience zone (as 5
185	185	defined in section 206(a) of the Rob-6
186	186	ert T. Stafford Disaster Relief and 7
187	187	Emergency Assistance Act (42 U.S.C. 8
188	188	5136(a))) as the result of a wildfire, 9
189	189	and 10
190	190	‘‘(B) used as a primary residence by the 11
191	191	taxpayer. 12
192	192	‘‘(d) D
193	193	OCUMENTATION.—Any taxpayer claiming the 13
194	194	credit under this section shall provide the Secretary with 14
195	195	adequate documentation regarding the specific qualified 15
196	196	wildfire mitigation expenditures made by the taxpayer 16
197	197	during the taxable year, as well as such other information 17
198	198	or documentation as the Secretary may require. 18
199	199	‘‘(e) T
200	200	ERMINATION OFCREDIT.—The credit allowed 19
201	201	under this section shall not apply to wildfire mitigation 20
202	202	expenditures made after December 31, 2032.’’. 21
203	203	(b) C
204	204	ONFORMINGAMENDMENT.—The table of sec-22
205	205	tions for subpart C of part IV of subchapter A of chapter 23
206	206	1 of such Code is amended by inserting after the item 24
207	207	relating to section 36B the following new item: 25
208	208	‘‘Sec. 36C. Wildfire mitigation expenditures.’’.
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212	212	(c) EFFECTIVEDATE.—The amendments made by 1
213	213	this section shall apply to taxable years beginning after 2
214	214	December 31, 2024. 3
215	215	Æ
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