Working Waterfront Disaster Mitigation Tax Credit Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 2
- Latest action
- Aug 1, 2025
What it does
The Working Waterfront Disaster Mitigation Tax Credit Act would create a new tax credit of 30 percent of qualified investments in hazard mitigation projects for eligible working waterfront properties, such as those used for commercial fishing, boating, or aquaculture, with a maximum credit of $300,000 per taxpayer (adjusted for inflation after 2026) and a restriction preventing reuse within a 10-year period. The credit applies to tangible property like elevated structures, flood barriers, shoreline stabilization, or warning systems designed to meet current building codes and reduce damage from natural hazards. To qualify, a business must have average annual gross receipts not exceeding $47…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.