Tax Credit for Incurred Costs of Soft Story Seismic Retrofit Work
08.11.2017This bill, for taxable years beginning on or after January 1, 2017, and before January 1, 2022, would allow a tax credit under both laws in an amount equal to 30% of the qualified costs paid or incurred by a qualified taxpayer for any seismic retrofit construction on a qualified building, as provided. The bill […]
Soft Story Retrofit – FAQ
03.17.2016I received a notice from the City stating my building is a “soft story building” What steps must I take to comply with the Soft Story Ordinance? The notice indicates that the City believes your building is subject to the Soft Story Ordinance. In general, most owners will have to take the following actions: Develop […]
Soft Story Seismic Retrofit
01.27.2016On Jan. 13, 2016 Los Angeles City Council unanimously voted to allow apartment owners pass half the retrofit costs to tenants through rent increases over a 10-year period, with a maximum increase of $38 per month. How do you feel about this decision?