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CA AB2537
Bill
Status
Introduced
2/21/2014
Primary Sponsor
Shannon Grove
Click for details
AI Summary
- Allows a tax credit equal to 25% of costs paid for installing water-conserving plumbing fixtures to replace noncompliant fixtures on qualified real property in California, for taxable years beginning January 1, 2014 and later
- Credit is capped at $2,500 per taxable year per qualified taxpayer
- Applies to single-family residential, multifamily residential, and commercial real property, but excludes properties with permanently disconnected water service
- Defines noncompliant fixtures as toilets using more than 1.6 gallons per flush, urinals using more than 1 gallon per flush, showerheads with flow over 2.5 gallons per minute, and faucets emitting more than 2.2 gallons per minute
- Requires qualified taxpayers to obtain certification from a licensed plumber that water-conserving fixtures were installed to replace noncompliant ones
Legislative Description
Income taxes: credits: water-conserving plumbing fixtures.
Last Action
In committee: Set, second hearing. Held under submission.
5/13/2014
Committee Referrals
Revenue and Taxation3/28/2014
Full Bill Text
No bill text available