CA SB269

Creates two personal income tax credits for wildfire preparedness from January 1, 2026 through January 1, 2031, covering 50% of costs for home hardening (up to $1,000 for high fire hazard zones, $2,000 for very high fire hazard zones) and vegetation management (up to $500 per year)

Limits eligibility to homeowners with adjusted gross income not exceeding $140,000 for joint filers/heads of household or $70,000 for single/separate filers, who own property in designated fire hazard severity zones with a homeowners' exemption

Caps the total aggregate credits available to all taxpayers at $50,000,000 per taxable year, with unused amounts carrying over to subsequent years

Requires taxpayers to request credit reservations from the Franchise Tax Board during July each year (or within 30 days of their taxable year start if after July) and provide all necessary documentation

Allows excess credits to be carried over for up to eight succeeding taxable years and mandates the Legislative Analyst's Office to prepare a report on credit usage for the Legislature