Wolk and Dodd partner to bring relief to earthquake impacted counties
SACRAMENTO -- Senator Lois Wolk (D-Davis) and Assemblymember Bill Dodd (D-Napa) jointly introduced legislation today to aid residents and businesses affected by the August 24, 2014 South Napa Earthquake. Senate Bill 35 extends excess disaster loss provisions to the losses sustained in Napa, Solano, and Sonoma Counties which will allow individual and corporate taxpayers to amend their previous year’s return to claim those losses and generate a refund in the current year.
“SB 35 extends the filing deadline past April 15th for taxpayers to amend their 2013 tax returns to apply losses caused by the earthquake. It’s only fair that we provide individuals who suffered property damage in August’s earthquake, but don’t yet know the extent of that damage, more time to calculate their losses,” Wolk said.