RELATING TO AN INCOME TAX CREDIT.

HB 355 creates a nonrefundable individual income tax credit for homeowners who pay expenses to retrofit their residences with wind-resistant devices, such as storm shutters or reinforced roofs. The credit directly benefits homeowners who make these safety upgrades, reducing the amount of income tax they owe based on their actual retrofit costs. This policy change provides a financial incentive for property improvements designed to enhance resilience against wind damage, without offering cash refunds if the credit exceeds tax liability. The bill remains pending in the 2026 legislative session.