State Senator Dennis Hollingsworth (R-Murrieta) has recently announced the introduction of disaster relief legislation to assist homeowners, businesses, and local governments afflicted by the wildfires that occurred in late 2007 in San Diego and Riverside Counties, as well as in Los Angeles, Orange, San Bernardino, Santa Barbara, and Ventura Counties.
     Hollingsworth authored the bill, SB 1064, after the wildfires damaged or destroyed thousands of homes and countless acres of property in Southern California and hit his Senate district, which includes the fire-prone area of rural East County, particularly hard.
     Similar to previous disaster relief measures adopted by the legislature, SB 1064 allows homeowners and businesses to carry forward losses resulting from the disaster into future taxable years, ensures that standard property tax deductions continue for those displaced from their homes. It reimburses local governments for reductions in property tax revenue resulting from disaster-related decreases in values.
     “Those affected by the fires, especially those who lost their homes, deserve fair, compassionate tax treatment as they work to rebuild their lives.” said Hollingsworth. “SB 1064 will help get these individuals and other entities back on their feet.”
     Hollingsworth represents the 36th Senate District. The district includes North and East San Diego County, and portions of the City of San Diego.


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