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Tax Credit for Disaster Preparedness: Protecting Homes and Businesses.

This new law introduces a tax credit for individuals and businesses investing in measures to protect their properties from natural disasters like floods, fires, and hurricanes. The goal is to encourage proactive strengthening of buildings and reduce potential future damages, enhancing citizens' safety and personal finances.
Key points
Individuals can claim 25% of eligible expenses for home improvements against natural disasters, up to $3,750 annually and $15,000 cumulatively per property.
Businesses can receive a credit of up to $5,000 for making their places of business more resilient.
The credit covers a wide range of improvements, from roof strengthening to flood and fire protection systems, provided the property is in a disaster-prone area.
Income limits for individuals and revenue limits for businesses apply, gradually reducing the credit for higher earners or larger businesses.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6763
Sponsor: Rep. Salazar, Maria Elvira [R-FL-27]
Process start date: 2025-12-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
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 119_HR_6763.

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 2025-12-16.

What are the main provisions?

Key points include:

  • Individuals can claim 25% of eligible expenses for home improvements against natural disasters, up to $3,750 annually and $15,000 cumulatively per property.
  • Businesses can receive a credit of up to $5,000 for making their places of business more resilient.
  • The credit covers a wide range of improvements, from roof strengthening to flood and fire protection systems, provided the property is in a disaster-prone area.
  • Income limits for individuals and revenue limits for businesses apply, gradually reducing the credit for higher earners or larger businesses.
What is the specific legal status?

The current status is Introduced.

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. Salazar, Maria Elvira [R-FL-27].

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 2026-01-13.

CATEGORIES

Taxes Real Estate