Flood Insurance Tax Credit Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5504 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5504 To amend the Internal Revenue Code of 1986 to allow for a credit against tax for certain flood insurance expenses. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 18, 2025 Ms. Velazquez introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow for a credit against tax for certain flood insurance expenses. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Flood Insurance Tax Credit Act of 2025''. SEC. 2. CREDIT FOR FLOOD INSURANCE EXPENSES. (a) In General.--Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25F the following new section: ``SEC. 25G. FLOOD INSURANCE EXPENSES. ``(a) Allowance of Credit.--There s…