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HR3549119th CongressWALLET

Critical Businesses Preparedness Act

Sponsored By: Representative Luttrell, Morgan [R-TX-8]

Introduced

Summary

Would create a 30% tax credit for electric generators for critical businesses in FEMA‑identified high‑risk flood or hurricane areas. The bill would aim to encourage hospitals, nursing homes, grocery stores, gas stations and other designated essential businesses to install backup generators so they can keep operating during major storms and floods.

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  • Hospitals and nursing homes: Would get a tax incentive to install generators so medical care and long‑term care can keep running when power fails.
  • Grocery stores and gas stations: Would receive the same 30% credit to help keep food and fuel available in outages.
  • Designated critical businesses: Any trade or business the Treasury Secretary, after consulting FEMA, calls critical after floods or hurricanes would be eligible for the credit on generator purchases and installation.
  • Tax treatment and limits: The credit would equal 30% of qualified generator expenses. Expenses claimed for the credit could not also be deducted and the property basis would be reduced by the credit amount.
  • Administration and timing: The Secretary would work with FEMA to define eligible businesses and high‑risk areas, and the credit would be part of the existing general business credit and apply to expenses paid or incurred after enactment.

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Bill Overview

Analyzed Economic Effects

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

30% credit for critical business generators

If enacted, some critical businesses could get a nonrefundable 30% tax credit for buying and installing backup generators. Eligible businesses would be those the Treasury Secretary, after consulting FEMA, calls critical after floods or hurricanes; examples include hospitals, nursing homes, grocery stores, and gas stations. The generator would need to be placed in service in an area the Secretary says is at high risk for floods or hurricanes and used in the business. Businesses could not also deduct the same costs, and the asset’s tax basis would be reduced by the credit. The credit would be part of the general business credit and would apply to costs paid or incurred after enactment.

Sponsors & CoSponsors

Sponsor

Luttrell, Morgan [R-TX-8]

TX • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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