AB 1435: Personal Income Tax Law: Corporation Tax Law: credits: cleanup costs.

This bill allows a tax credit to qualified taxpayers for qualified cleanup expenses, which include costs related to the removal and disposal of unauthorized encampments, illegal dumping, and abandoned property. The credit is available for taxable years starting January 1, 2026, and ending January 1, 2031. To qualify, taxpayers must certify under penalty of perjury that the costs are directly related to these expenses. The bill also requires related findings and imposes a state-mandated local program. The bill takes effect immediately as a tax levy.