Cassidy, King Introduce Bill Offering Tax Credits to Working Coastlines Affected by Natural Disasters
August 05, 2024
August 05, 2024
WASHINGTON, Aug. 5 -- Sen. Bill Cassidy, R-Louisiana, issued the following news release:
Senators Bill Cassidy, M.D. (R-LA) and Angus King (I-ME) introduced legislation to offer a disaster mitigation tax credit to working waterfronts located on the coasts and navigable waterways. The Working Waterfronts Disaster Mitigation Tax Credit Act would provide working waterfronts with a 30 percent tax credit on up to $1 million in mitigation expenses, adjusted for inflation annually.
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Senators Bill Cassidy, M.D. (R-LA) and Angus King (I-ME) introduced legislation to offer a disaster mitigation tax credit to working waterfronts located on the coasts and navigable waterways. The Working Waterfronts Disaster Mitigation Tax Credit Act would provide working waterfronts with a 30 percent tax credit on up to $1 million in mitigation expenses, adjusted for inflation annually.
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