S 4871
118th Congress
Senate
Taxation
Working Waterfront Disaster Mitigation Tax Credit Act
Introduced: July 31, 2024
Introduced by:
King, Angus S., Jr.
Independent
· Maine
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2024
Read twice and referred to the Committee on Finance.
Jul 31, 2024
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1