S 2538
Working Waterfront Disaster Mitigation Tax Credit Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:48 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill creates a tax credit to help businesses and property owners in the working waterfront industry mitigate damage from disasters. It provides a 30% tax credit for qualified investments made in projects designed to protect working waterfront properties from natural hazards, such as flooding and erosion. The credit is capped at $300,000 per taxpayer, with adjustments for inflation starting in 2027, and is limited to taxpayers who haven't already received the credit in the past 10 years. The bill also establishes specific requirements for what qualifies as a ‘working waterfront property’ and the types of disaster mitigation projects eligible for the credit.
Sponsors
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Primary sponsor
Angus S., Jr. King
Cosponsor
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