# 119-s-2538: Working Waterfront Disaster Mitigation Tax Credit Act

119-s-2538, Working Waterfront Disaster Mitigation Tax Credit Act, is a 119th Congress bill sponsored by Sen. King, Angus S., Jr. [I-ME] (I-ME); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2538
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2538
- Congress: 119
- Title: Working Waterfront Disaster Mitigation Tax Credit Act
- Status: introduced
- Introduced: 2025-07-30
- Sponsor: Sen. King, Angus S., Jr. [I-ME] (I-ME)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**30% investment tax credit for hazard mitigation on working waterfront property**. This bill would create a targeted tax credit to help fund projects that protect working waterfronts from floods, erosion, and other natural hazards.

## Cosponsors (1)

- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-07-30T00:00:00.000Z

## Provisions PRIA read

- New waterfront mitigation tax credit: benefit, high. This bill would create a new investment tax credit equal to 30% of the basis of qualifying property you place in service for working waterfront disaster mitigation projects. The credit would apply to depreciable tangible property you construct or first use, but not to basis from qualified rehabilit…
- Payments to U.S. possessions: benefit, medium. This bill would direct the Treasury to pay U.S. possessions for revenue loss tied to these tax changes. For possessions with a mirror tax code, Treasury would pay the loss based on information the possession provides. For possessions without a mirror code, Treasury would estimate the benefit and pa…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1748: Kids Online Safety Act
- 119-s-836: Children and Teens’ Online Privacy Protection Act
- 119-s-93: Harmful Algal Bloom and Hypoxia Research and Control Amendments Act of 2025
- 119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act
- 119-s-3315: Health Care Cybersecurity and Resiliency Act of 2026

## Sources
- [119-s-2538 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2538)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-836: Children and Teens’ Online Privacy Protection Act](https://policyrisk.com/legislation/119-s-836)
- [119-s-93: Harmful Algal Bloom and Hypoxia Research and Control Amendments Act of 2025](https://policyrisk.com/legislation/119-s-93)
- [119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act](https://policyrisk.com/legislation/119-s-3940)
- [119-s-3315: Health Care Cybersecurity and Resiliency Act of 2026](https://policyrisk.com/legislation/119-s-3315)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2538 (as of 2026-04-21).