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119-s-3497119th CongressWALLET

Shelter Act

Sponsored By: Senator Bennet, Michael F. [D-CO]

Introduced

Summary

This bill would create disaster mitigation tax credits to help homeowners and businesses pay to make buildings safer from floods, wind, and wildfires. It focuses on tax relief for specific resilience upgrades and tied eligibility rules.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Homeowner disaster mitigation credit

You would be able to claim a nonrefundable tax credit equal to 25% of qualifying disaster mitigation costs for your home. The credit would be limited to $3,750 per year for single filers and $7,500 for joint filers, and no more than $15,000 could be claimed for one dwelling counting years after Dec 31, 2025. The credit would be phased down when adjusted gross income is above $100,000 ($200,000 for joint filers) across the next $50,000 ($100,000 joint). Unused credit could be carried forward up to five years. Work would have to be in a qualifying disaster area, meet required codes and standards, and not be paid or reimbursed by government programs. The rule would apply to tax years beginning after Dec 31, 2025.

Business disaster mitigation credit

Your business would be able to claim a tax credit equal to 25% of qualifying disaster mitigation costs for a qualifying place of business. The credit would be limited to $5,000 per taxable year. The credit would be reduced by a formula based on your three-year average gross receipts that phases out amounts above $5,000,000 (indexed after 2026). You could not claim the business credit for expenses already used to claim the personal homeowner credit or for costs reimbursed by government. The business credit would be added to the general business credit rules and would require documentation and compliance with installation standards. The rule would apply to tax years beginning after Dec 31, 2025.

Sponsors & CoSponsors

Sponsor

Bennet, Michael F. [D-CO]

CO • D

Cosponsors

  • Sen. Cassidy, Bill [R-LA]

    LA • R

    Sponsored 12/16/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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