Code

AB 1510 (Nazarian)

Income taxes credit: seismic retrofits.

2014

Description:

Would allow, for taxable years beginning on or after January 1, 2015, and before January 1, 2020, a tax credit under the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 30% of the qualified costs paid or incurred by a qualified taxpayer for any seismic retrofit construction on a qualified building, as defined. This bill would require a taxpayer to obtain a certification from the appropriate jurisdiction with authority for building code enforcement of the area in which the building is located that the building is an at-risk property, as defined.

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