Enacts the residential structure fire prevention act; provides a tax credit for removing cock loft fire hazards; provides an insurance discount for.

The residential structure fire prevention act of 2026 provides a tax credit to homeowners who remove fire hazards in cock lofts, defined as enclosed spaces between rafters and a suspended ceiling. The credit is equal to 25% of the removal cost, up to $5,000. Homeowners can receive an insurance discount for installing smoke alarms in cock lofts. Additionally, repairs to cock lofts for fire prevention and safety are considered qualifying expenditures under state housing programs. The act takes effect for taxable years beginning on or after January 1, 2027.

Enacts the residential structure fire prevention act; provides a tax credit for removing cock loft fire hazards; provides an insurance discount for.

The residential structure fire prevention act of 2026 provides a tax credit to homeowners who remove fire hazards in cock lofts, defined as enclosed spaces between rafters and a suspended ceiling. The credit is equal to 25% of the removal cost, up to $5,000. Homeowners can receive an insurance discount for installing smoke alarms in cock lofts. Additionally, repairs to cock lofts for fire prevention and safety are considered qualifying expenditures under state housing programs. The act takes effect for taxable years beginning on or after January 1, 2027.