Working Waterfront Disaster Mitigation Tax Credit Act
Latest Action
Referred to the House Committee on Ways and Means.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Working Waterfront Disaster Mitigation Tax Credit Act (H.R. 9909) is a legislative proposal introduced in the 118th Congress aimed at providing tax credits related to disaster mitigation efforts for working waterfronts. The bill was referred to the House Committee on Ways and Means but did not advance further and ultimately failed or expired. No official summary or full text is available, limiting detailed analysis of its provisions. The bill falls under the policy area of taxation and appears to focus on incentivizing disaster mitigation activities for waterfront-related industries or properties.
H.R. 9909 sought to establish tax credits to support disaster mitigation for working waterfronts but did not progress beyond committee referral and expired without enactment.
- The bill is titled the Working Waterfront Disaster Mitigation Tax Credit Act and was introduced in the House of Representatives during the 118th Congress.
- It was referred to the House Committee on Ways and Means on October 1, 2024, but no further legislative action was recorded.
- The bill is categorized under the policy area of taxation and intended to provide tax incentives related to disaster mitigation for working waterfronts.
Potential beneficiaries would likely include owners and operators of working waterfront properties and businesses, such as commercial fishing, shipping, and maritime industries, that face risks from natural disasters and could utilize tax credits to support mitigation efforts.
Without the full bill text or detailed summary, concerns include uncertainty about the scope and scale of tax credits, potential fiscal impact on government revenue, administrative oversight requirements, and the criteria for qualifying for the tax credit. The lack of detailed provisions limits assessment of enforcement mechanisms or eligibility definitions.
The bill was introduced in the 118th Congress and referred to the House Committee on Ways and Means, a key committee for tax-related legislation. Its failure to advance suggests limited legislative momentum or prioritization. The focus on disaster mitigation aligns with broader policy discussions on climate resilience and economic support for maritime industries, though no further legislative history is available.
Hidden impact flags detected: 1
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If enacted, the bill could encourage investment in disaster mitigation infrastructure on working waterfronts, potentially reducing future disaster-related damages and economic losses in maritime sectors. It might also influence related tax policy discussions on incentivizing resilience measures in other vulnerable industries.
Transparency is limited due to the absence of a bill summary and full text, which hinders public and stakeholder understanding of the bill's provisions and potential impacts. Oversight considerations include monitoring the fiscal implications of tax credits and ensuring clear eligibility and enforcement criteria if similar legislation is introduced in the future.
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