S. 4871 · 118th Congress
Working Waterfront Disaster Mitigation Tax Credit Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
I
KingSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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 it does: CRS summary · Introduced in Senate · Jul 31, 2024
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Working Waterfront Disaster Mitigation Tax Credit Act
Latest action (Jul 31, 2024): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Jul 31, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.