Colorado Association of REALTORS | Three New Wildfire Mitigation Bills Intro’d
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Three New Wildfire Mitigation Bills Intro’d

Feb 17 2022

Three New Wildfire Mitigation Bills Intro’d

The Wildfire Matters Review Committee brought three House Bills to the house. HB 1007 ends a tax deduction for property owners that offsets wildfire mitigation expenses. The deduction is replaced with an income tax credit beginning in 2023, which would be available to landowners with a taxable annual income of less than $120,000. Elizabeth Peetz, Vice President of CAR’s Government Affairs, stated the cap “removes the ability for individuals to be a part of the solution.”  There were two other bills: HB 1011 would have allowed dollars for forest thinning, and HB 1012 would have provided grants for wildfire prevention or cleanup efforts that reduced carbon–such as planting trees or removing wood. 

https://gazette.com/wildfires/colorado-house-panel-approves-nearly-30-million-in-wildfire-mitigation-grants/article_cb1bf081-a061-56c4-9b36-a50e7a35d65a.html

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