HB 2526: DEPARTMENT OF TAXATION; INCOME TAX CREDIT; HURRICANE RESISTANCE RETROFIT; GENERAL EXCISE TAX; RATE REDUCTION

Establishes a nonrefundable individual income tax credit for a certain percentage of expenses paid to retrofit a residence with wind resistive devices or to purchase, install, or construct, a hurricane shelter on the taxpayer's property.  Reduces the general excise tax rate on the gross proceeds or income from the sale of a concrete certified hurricane-resistant residential project or certain hurricane-resistant components of a high-rise condominium.  Applies to taxable years beginning after 12/31/2026.  Sunsets 12/31/2030.