California Apartment Association

Just a few months after being vetoed by the governor, legislation to provide tax credits for earthquake retrofits is back.

Assemblyman Adrin Nazarian, D-Sherman Oaks, has again authored a bill that would help landlords pay for seismic upgrades.

AB 2392 would allow a tax credit in an amount equal to 30 percent of the qualified costs paid or incurred by a qualified taxpayer for any seismic retrofit construction on a qualified building.

Last year, the same proposal, carried as AB 428, passed both houses of the Legislature before being rejected by Gov. Jerry Brown.