Working Waterfront Disaster Mitigation Tax Credit Act

Hozzl · 2025-08-27T02:50:25Z

Explore the details of House Bill 4861 Working Waterfront Disaster Mitigation Tax Credit Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

8/27/2025, 2:50 AM

Summary of Bill HR 4861

H.R. 4861 of the 119th Congress, introduced on August 1, 2025, aims to amend the Internal Revenue Code of 1986 to establish a credit for hazard mitigation projects related to specific working waterfront property, focusing on incentivizing and supporting such projects through tax benefits.

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Current Status of Bill HR 4861

Bill HR 4861 is currently in the status of Bill Introduced since August 1, 2025. Bill HR 4861 was introduced during Congress 119 and was introduced to the House on August 1, 2025. Bill HR 4861's most recent activity was Referred to the House Committee on Ways and Means. as of August 1, 2025

Bipartisan Support of Bill HR 4861

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 4861

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4861

To amend the Internal Revenue Code of 1986 to provide a credit for hazard mitigation projects in connection with certain working waterfront property.

Comments

Coraline Buckley

25,681

3 months ago

I don't know much about this bill but it sounds like it could be bad for us. I'm not sure how it will impact me but it doesn't sound good. The big picture is that this bill might not be the best for working waterfronts.