Creates a tax credit for homeowners to make their homes safer from natural disasters like floods and fires.
This bill would create a new tax credit to help homeowners pay for improvements that protect their homes from natural disasters. If passed, it would let people get back 50% of what they spend on things like stronger roofs or flood barriers, up to $25,000. This credit would be for principal residences in areas that have recently faced wildfires, hurricanes, windstorms, or floods.
Today, there is no specific federal tax credit for homeowners who pay to make their homes safer from natural disasters. If this bill becomes law, eligible homeowners could get a refundable tax credit for 50% of these costs, up to $25,000. This means they could get money back even if they owe no taxes.
S 1323 · 119th Congress · April 8, 2025 · AI Summary by gemini-2.5-flash · 5/10
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23 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.