Relating to: a tax credit for relocating to this state due to Hurricane Helene or the Los Angeles wildfires. (FE)

Senate Bill 118 creates a $10,000 state income tax credit for eligible individuals who relocate to this state. This credit is available to U.S. citizens who moved from Los Angeles County, California, due to the January 2025 wildfires, or from North Carolina due to Hurricane Helene in 2024. To qualify, claimants must have filed a 2023 income tax return listing an address in the affected areas and cannot have a felony conviction. The credit applies to taxable years beginning after December 31, 2024, and ending before January 1, 2026.