Working Waterfront Disaster Mitigation Tax Credit Act
Latest Action
Read twice and referred to the Committee on Finance.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Working Waterfront Disaster Mitigation Tax Credit Act (S.4871) was a Senate bill introduced in the 118th Congress aimed at providing tax credits related to disaster mitigation efforts for working waterfronts. The bill was referred to the Senate Committee on Finance after being read twice but did not advance further and ultimately failed or expired. The bill falls under the policy area of taxation, suggesting it intended to use tax incentives as a mechanism to support disaster mitigation activities in waterfront areas used for commercial or industrial purposes. However, no official summary or full text is available to provide detailed provisions or mechanisms of the tax credit.
S.4871 sought to establish a tax credit to support disaster mitigation for working waterfronts but did not progress beyond committee referral and expired without enactment.
- The bill was introduced in the Senate during the 118th Congress and referred to the Committee on Finance.
- It aimed to create a tax credit related to disaster mitigation specifically for working waterfronts.
- No official summary or full text is available, limiting detailed understanding of the bill's provisions.
['Owners and operators of working waterfronts, including commercial fishing, shipping, and maritime industries.', 'State and local governments managing waterfront infrastructure potentially impacted by disasters.', "Taxpayers or entities eligible for the proposed tax credit under the bill's provisions."]
['Lack of publicly available full text and official summary limits transparency and understanding of implementation details.', 'Unclear funding mechanisms or fiscal impact due to absence of detailed bill text.', 'Oversight and enforcement provisions are unknown, which could affect accountability.', 'Potential tradeoffs between tax revenue loss and disaster mitigation benefits are not specified.']
The bill was introduced in the Senate and referred to the Committee on Finance but did not advance further, resulting in failure or expiration. It is categorized under taxation policy, indicating a legislative approach to incentivize disaster mitigation through tax credits. The absence of further legislative action suggests limited momentum or prioritization during the 118th Congress.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['If enacted, the tax credit could encourage investment in disaster mitigation infrastructure on working waterfronts, potentially reducing future disaster-related damages.', 'Tax revenue reductions from the credit might affect federal budget allocations or require compensatory fiscal measures.', 'Enhanced disaster resilience in waterfront areas could have positive economic impacts on maritime industries and local communities.']
The absence of an official summary and full bill text limits the ability to fully analyze the bill's provisions, fiscal impact, and oversight mechanisms. Transparency in legislative documentation is critical for public understanding and effective oversight. The bill's failure to progress beyond committee referral suggests limited legislative support or prioritization, which is important context for evaluating its potential impact.
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