# Working Waterfront Disaster Mitigation Tax Credit Act

This bill creates a new tax credit for businesses and property owners who operate working waterfronts—places like fishing docks, shipping terminals, boat repair facilities, and other maritime businesses. The tax credit is designed to help these waterfront operations pay for improvements that protect them from disasters like hurricanes, flooding, and storms.

Here's what that means in practical terms: if you own a fishing business, marina, or other waterfront operation and you invest money in disaster-resistant upgrades—such as reinforced structures, improved drainage systems, elevated equipment, or other protective measures—you can claim a tax credit to offset some of those costs. A tax credit is essentially money the government gives back to you through your taxes, making your disaster prevention investments less expensive out of your own pocket.

The bill targets working waterfronts specifically because these areas are economically important to their communities but are particularly vulnerable to natural disasters. By making it cheaper to upgrade these facilities with better protections, the law encourages business owners to invest in resilience before disaster strikes, rather than waiting to rebuild after one happens. This helps protect jobs in maritime industries, keeps these businesses operating, and reduces the need for emergency disaster relief spending down the road.

If you own or operate a waterfront business, this bill could help you afford safety upgrades that might otherwise be too expensive. If you live in a community that depends on fishing, shipping, or other maritime industries, this could help keep those businesses stable and protect the local economy from being devastated by storms and flooding.

Working Waterfront Disaster Mitigation Tax Credit Act

King, Angus S., Jr.

Working Waterfront Disaster Mitigation Tax Credit Act&nbsp;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.&nbsp;