AB 1606: Personal Income Tax Law: Corporation Tax Law: credits: cleanup costs.

The bill aims to provide a tax credit to qualified taxpayers for qualified cleanup expenses. A qualified taxpayer is defined as an individual or business that incurs costs directly related to the removal and disposal of unauthorized encampments, illegal dumping, and abandoned property. To be eligible, taxpayers must certify under penalty of perjury that the costs reflected in documentation are directly related to qualified cleanup expenses. The bill would take effect immediately as a tax levy, allowing taxpayers to claim the credit for taxable years beginning in 2027 and ending in 2032.