RCRC has lent its support to Assembly Bill 2166, authored by Assembly Member Kevin Kiley (R-Rocklin). AB 2166 would allow a tax credit to reflect the premium increases that principle homeowners have witnessed during/after 2016.
AB 2166 would provide tax credits in tax years between January 2020 and before January 1, 2026. RCRC believes that providing tax credits to qualified property owners/taxpayers could alleviate some of the financial burden they experience simply for residing in wildfire-risk areas.
AB 2166 is set to be heard in the Assembly Revenue & Taxation Committee on Monday, March 16th. RCRC’s support letter can be accessed here. Staci Heaton, RCRC Regulatory Affairs Advocate, can be reached at (916) 447-4806 or sheaton@rcrcnet.org.