Tax Credit for Wildfire Mitigation Measures
Beginning with taxes for 2009, Colorado landowners are entitled to subtract 50% of the costs of wildfire mitigation measures, up to $2500, from federal taxable income. This new law requires that the wildfire mitigation measures be performed in a “wildland-urban interface area” and the plan must be authorized by local government within the interface area. This is just one more step towards the supporting of fire mitigation efforts as set forth in C.R.S. 38-33.3-106.5 (1)(e).
Post A Comment / Question