Wednesday, April 9, 2014
(Denver, CO) -- A bill to give people better tax incentives for protecting their potentially at-risk properties against wildfire is now going to the state Senate. It's sponsored by Colorado Springs lawmaker Tony Exum. It eliminates a previous tax deduction for mitigation work, which is only worth a few hundred dollars. The measure would instead provide a state income tax credit of up to 25-hundred-dollars. Exum says the goal is to encourage people to be more proactive in areas prone to wildfires.