The Colorado State Wildfire Tax Benefits allows individuals, states, and trusts to claim an income deduction on their tax return for certain mitigation costs.
NOTE: You must keep your receipts
Qualifying Wildfire Mitigation Measures
Wildfire mitigation measures that qualify for the subtraction are any of the following activities so long as such activities meet or exceed any applicable standards established by the Colorado State Forest Service or the Division of Fire Prevention and Control:
- Creating a defensible space around structures;
- Establishing fuel breaks;
- Thinning of woody vegetation for the primary purpose of reducing risk to structures from wildland fire; or
- Secondary treatment of woody fuels by lopping and scattering, piling, chipping, removing from the site or prescribed burning.