# 119-hr-4861: Working Waterfront Disaster Mitigation Tax Credit Act

119-hr-4861, Working Waterfront Disaster Mitigation Tax Credit Act, is a 119th Congress bill sponsored by Rep. Pingree, Chellie [D-ME-1] (D-ME); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4861
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4861
- Congress: 119
- Title: Working Waterfront Disaster Mitigation Tax Credit Act
- Status: introduced
- Introduced: 2025-08-01
- Sponsor: Rep. Pingree, Chellie [D-ME-1] (D-ME)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Working Waterfront Disaster Mitigation Project Credit** would create a targeted investment tax credit to encourage projects that protect small working waterfront businesses and infrastructure from floods and other natural hazards. It would apply to projects placed in service after December 31, 2025. - Working waterfront businesses that provide access to navigable waters for activities like commercial fishing, boatbuilding, aquaculture, and related trades would be eligible for a new nonrefundable investment tax credit equal to 30 percent of qualifying mitigation costs. - The credit is limited by a per-taxpayer cap of $300,000 and a 10-year look-back that restricts repeated claims. Eligible taxpayers must meet an average annual gross receipts test not to exceed $47,000,000 when aggregated with related businesses. - Qualified investments must be depreciable tangible property placed in service by the taxpayer. Projects must follow the International Code Council model building code specified in the bill and can include elevation, shoreline stabilization, floodproofing, drainage and stormwater measures, retrofits, and warning systems. The bill also directs Treasury to issue rules and provides special payment treatment for U.S. possessions.

## Cosponsors (1)

- Rep. Murphy, Gregory F. [R-NC-3] (R-NC), 2025-08-01T00:00:00.000Z

## Provisions PRIA read

- Tax credit for waterfront disaster upgrades: benefit, high. This bill would create a 30% investment tax credit for working waterfront businesses, like marinas, fisheries, and boatyards, to reduce disaster risks. The credit would be capped at $300,000 per taxpayer (indexed after 2026), treating related businesses as one, and you could not claim it again with…
- Payments to territories for the credit: benefit, low. Treasury would send payments to U.S. territories to reflect the new credit’s effects. For territories with mirror‑code taxes, payments would match their revenue loss. For non‑mirror territories, Treasury would pay estimated amounts like a mirror‑code system, but only if there is an approved plan to…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-3077: Agriculture Resilience Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025

## Sources
- [119-hr-4861 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4861)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-3077: Agriculture Resilience Act of 2025](https://policyrisk.com/legislation/119-hr-3077)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4861 (as of 2026-04-21).