This bill encourages homeowners to safely remove lead hazards from their homes by offering a tax credit. It aims to reduce lead poisoning risks, especially for children.
If you own a home with lead hazards, you could save up to $3,000 on your taxes for removing them.
Who this affects
Homeowners · Families with young children
What changes is this bill making?
1This bill provides a tax credit for homeowners who remove lead hazards from their properties.
2Homeowners can receive 50% of their lead hazard removal costs as a tax credit.
3The maximum credit is $3,000 for full lead abatement and $1,000 for interim control measures.
4Homeowners can apply these costs to the previous tax year if they choose.
5The total credit amount for a home cannot exceed $4,000 over multiple years.
