Working Waterfront Disaster Mitigation Tax Credit Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Jul 30, 2025
What it does
The Working Waterfront Disaster Mitigation Tax Credit Act would create a federal tax credit of 30% for qualified investments in hazard mitigation projects on working waterfront property, such as structural elevation, flood risk reduction, shoreline stabilization, floodproofing, retrofitting, or warning systems designed to prevent or mitigate damage from natural hazards. The credit is limited to $300,000 per taxpayer (adjusted for inflation after 2026) and cannot be claimed more than once every 10 years. To qualify, the property must be used in an active trade or business with average annual gross receipts not exceeding $47 million (also inflation-adjusted after 2026) and must provide access…
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.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.