Cal. Rev. & Tax. Code § 24308.10

(a)For taxable years beginning on or after January 1, 2024, and before January 1, 2029, gross income shall not include any amount received by a qualified taxpayer as a California qualified wildfire loss mitigation payment.

(b)For purposes of this section, the following definitions apply:

(1)“California qualified wildfire loss mitigation payment” means any amount which is received through the California Wildfire Mitigation Financial Assistance Program under Article 16.5 (commencing with Section 8654.2) of Chapter 7 of Division 1 of Title 2 of the Government Code for the benefit of a residential property owner or occupant with expenses paid, or obligations incurred, for wildfire loss mitigation.

(2)“Qualified taxpayer” means a taxpayer that owns the structure for which a California qualified wildfire loss mitigation payment was received.

(3)“Wildfire loss mitigation” means an activity that reduces wildfire risks to a residential structure or its contents, or both.

(c)This section shall remain in effect only until December 1, 2029, and as of that date is repealed.