Politiparty
Politiparty

118th Congress Taxation

S. 4871: Working Waterfront Disaster Mitigation Tax Credit Act

Introduced

  1. Introduced (completed)Jul 31, 2024
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jul 31, 2024

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 Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Angus King I-ME SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Angus King

History

  1. Jul 31, 2024Introduced in the Senate by Angus King.
Show the full action history (2 actions)
  1. Jul 31, 2024Introduced in Senate
  2. Jul 31, 2024Read twice and referred to the Committee on Finance.