WILTR Act of 2025

The WILTR Act of 2025 would amend the Internal Revenue Code Section 139 to exclude from gross income any grants, awards, or services received for hazardous fuel reduction activities on a taxpayer’s real property, such as creating firebreaks or removing flammable vegetation. It would also create a new tax deduction under Section 199B for qualified expenditures on such activities or improvements, provided they are certified by a fire management agency to reduce wildfire risk or support firefighting efforts, with a prohibition against claiming both the income exclusion and deduction for the same expense. These provisions would apply to amounts received or paid after the bill’s enactment.

No official summary is available here. This one was written by AI from the bill’s text.