Lets waterfront businesses get tax credits for projects that protect against natural disasters.
This bill would create a new tax credit for businesses operating on working waterfronts. It would help them pay for projects that protect their property from natural disasters like floods and erosion. Businesses could get a credit for 30% of their eligible spending, up to $300,000.
Today, there is no specific federal tax credit for businesses to make their working waterfront properties safer from natural disasters. After this bill, eligible businesses could get a tax credit for 30% of their approved spending on such projects, up to $300,000, reducing their tax costs.
HR 4861 · 119th Congress · August 1, 2025 · AI Summary by gemini-2.5-flash · 8/10
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4 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.