Working Waterfront Disaster Mitigation Tax Credit Act

2024-07-31

Introduced in Senate

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.

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