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Tax Credit for Disaster Mitigation: Protecting Homes and Businesses.

This act introduces a new tax credit for individuals and businesses that incur expenses to protect their properties from natural disasters like floods, hurricanes, and fires. This allows citizens to recover a portion of the costs spent on strengthening their homes and businesses, encouraging increased safety and resilience against natural catastrophes. These changes can reduce the financial burden associated with property protection.
Key points
Ability to deduct 25% of costs incurred for flood, wind, and fire mitigation, up to a maximum of $5,000 annually.
Credit available for homeowners in areas affected by federal disaster declarations within the last 10 years or adjacent areas.
Businesses can also benefit from a similar credit for securing their places of operation.
Eligible expenditures include roof strengthening, installation of flood prevention systems, protection against wind-borne debris, and fire mitigation systems.
The credit amount may be reduced for higher-income individuals, and these amounts will be adjusted annually for inflation.
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Expired
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Additional Information
Print number: 117_HR_3925
Sponsor: Rep. Bilirakis, Gus M. [R-FL-12]
Process start date: 2021-06-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SHELTER Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3925.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-16.

What are the main provisions?

Key points include:

  • Ability to deduct 25% of costs incurred for flood, wind, and fire mitigation, up to a maximum of $5,000 annually.
  • Credit available for homeowners in areas affected by federal disaster declarations within the last 10 years or adjacent areas.
  • Businesses can also benefit from a similar credit for securing their places of operation.
  • Eligible expenditures include roof strengthening, installation of flood prevention systems, protection against wind-borne debris, and fire mitigation systems.
  • The credit amount may be reduced for higher-income individuals, and these amounts will be adjusted annually for inflation.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bilirakis, Gus M. [R-FL-12].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Real Estate Environment