S 4871 · 118th Congress · Taxation

Working Waterfront Disaster Mitigation Tax Credit Act

Introduced 2024-07-31· Sponsored by Sen. King, Angus S., Jr. [I-ME]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2024-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] Working Waterfront Disaster Mitigation Tax Credit Act  This bill allows a new tax credit equal to 30% of the amount of investment in a working waterfront mitigation project. A mitigation project is designed to prevent or mitigate damage to working waterfront property by using structural elevation, flood risk reduction, shoreline stabilization, floodproofing, retrofitting, and warning systems. …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Cassidy, Bill [R-LA]LA