California Apartment Association

On a radio talk show Tuesday, CAA’s Debra Carlton extolled a bill that would provide tax credits to help landlords pay for seismic retrofits.

Carlton, senior vice president of public affairs for the California Apartment Association, discussed Assembly Bill 428 with host Larry Mantle on KPCC’s AirTalk.

AB 428 by Assemblyman Adrin Nazarian has passed the state Legislature and awaits Gov. Jerry Brown’s signature.

The legislation 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.

“It’s certainly a very positive direction for the industry. We haven’t seen a bill like this in decades,” Carlton said. “A tax credit like this I think will make a big difference towards encouraging safety in housing.”

Click here to listen to the roughly 12 minute segment on AB 428 and to read more about the issue.

Related content:

• Legislative session ends with housing bills signed, others awaiting action (CAA, Sept. 17)