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Tax Credit for Hiring Disaster Victims

This act introduces a new tax credit for businesses that hire individuals displaced by natural disasters. The goal is to help communities recover faster by supporting both disaster victims and local economies. This makes it easier for people who lost their homes or jobs due to a disaster to find employment, while encouraging businesses to hire them.
Key points
Businesses can receive a tax credit for hiring individuals whose primary residence became uninhabitable or workplace became inoperable due to a disaster.
The credit applies to individuals who were unemployed after the disaster and were hired within one year of the disaster's end.
Disasters must be officially declared by the U.S. President on or after January 1, 2024.
The credit does not apply to full-time employment outside the disaster zone if the employee worked 30 or more hours per week.
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Introduced
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Additional Information
Print number: 119_HR_1914
Sponsor: Rep. Crockett, Jasmine [D-TX-30]
Process start date: 2025-03-06