S. 4871 · 118th Congress
Working Waterfront Disaster Mitigation Tax Credit Act
- Stage
- In committee
- Sponsor
- Angus King
- Introduced
- 2024-07-31
- Latest action
- 2024-07-31 · Introduced in Senate
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.