California AB1606 provides a tax credit for businesses with up to $5 million in annual revenue to cover cleanup costs from unauthorized encampments.

California AB1606 introduces a tax credit for businesses with up to $5 million in annual revenue to cover cleanup costs from unauthorized encampments, illegal dumping, and abandoned property. The credit allows businesses to deduct up to 30% of qualified cleanup expenses, up to $20,000 per taxable year. Qualified cleanup expenses include waste removal, property sanitization, temporary security measures, and repairs caused by unauthorized activities. The credit is effective for taxable years beginning on or after January 1, 2027, and before January 1, 2032.

California AB1606 provides a tax credit for businesses with up to $5 million in annual revenue to cover cleanup costs from unauthorized encampments.

California AB1606 introduces a tax credit for businesses with up to $5 million in annual revenue to cover cleanup costs from unauthorized encampments, illegal dumping, and abandoned property. The credit allows businesses to deduct up to 30% of qualified cleanup expenses, up to $20,000 per taxable year. Qualified cleanup expenses include waste removal, property sanitization, temporary security measures, and repairs caused by unauthorized activities. The credit is effective for taxable years beginning on or after January 1, 2027, and before January 1, 2032.