RELATING TO AN INCOME TAX CREDIT.

HB 355 creates a nonrefundable individual income tax credit for homeowners who pay to retrofit their residences with wind-resistant devices. It directly affects taxpayers who incur expenses for qualifying storm-resistant home improvements. The credit reduces the homeowner's state income tax liability dollar-for-dollar based on eligible retrofit costs. This policy change provides a financial incentive for residential storm safety upgrades without generating tax refunds.