Enacts the residential structure fire prevention act; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides.

The bill enacts the residential structure fire prevention act, offering a tax credit to homeowners who remove fire hazards in cock lofts, defined as completely enclosed spaces between rafters and a suspended ceiling. It also provides an insurance discount for installing smoke detecting alarm devices in cock lofts. Additionally, it mandates that the repair of cock lofts for fire prevention and safety be considered a qualifying expenditure under state housing programs. The act takes effect immediately and applies to taxable years beginning on or after January 1, 2026.

Enacts the residential structure fire prevention act; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides.

The bill enacts the residential structure fire prevention act, offering a tax credit to homeowners who remove fire hazards in cock lofts, defined as completely enclosed spaces between rafters and a suspended ceiling. It also provides an insurance discount for installing smoke detecting alarm devices in cock lofts. Additionally, it mandates that the repair of cock lofts for fire prevention and safety be considered a qualifying expenditure under state housing programs. The act takes effect immediately and applies to taxable years beginning on or after January 1, 2026.