HR6763119th CongressWALLET

Shelter Act

Sponsored By: Representative Salazar

Introduced

Summary

Disaster mitigation tax credits would help homeowners and businesses pay to harden buildings against floods, wind, fire, and other hazards. The bill would create two nonrefundable credits worth 25% of qualifying mitigation spending, with yearly and per-dwelling caps and income phaseouts.

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  • Homeowners and families: Homeowners in federally assisted or recently declared disaster areas could claim a personal credit up to $3,750 per filer or $7,500 for joint returns.
  • Businesses: A separate credit would target business facilities and qualify only for projects meeting recognized standards such as FEMA guidance or the ICC-500.
  • Taxpayers with higher incomes: The personal credit phases out once adjusted gross income exceeds $100,000, and unused credits can be carried forward for five years.

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Bill Overview

Analyzed Economic Effects

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

Disaster tax credit for homeowners

If enacted, you would be able to claim a nonrefundable tax credit equal to 25% of qualifying disaster-mitigation work you pay for. The yearly cap would be $3,750 for a single filer and $7,500 for a joint return. Credits for one dwelling could not exceed the excess, if any, of $15,000 over earlier credits for that same dwelling for tax years ending after December 31, 2025. The credit would be reduced for higher incomes using (AGI − $100,000) ÷ $50,000 (double those dollar amounts for joint filers). Work paid or reimbursed by federal, state, or local government would not qualify. The work must be on a qualified dwelling in the U.S. or a territory and meet onsite code and inspection rules. Unused credit could be carried forward for up to five years. This would start for taxable years beginning after December 31, 2025.

Disaster tax credit for businesses

If enacted, a business would be able to claim a tax credit equal to 25% of qualifying disaster-mitigation spending paid that year. The yearly maximum credit would be $5,000, but that $5,000 cap would be reduced if a firm's average gross receipts over the prior three years exceed $5,000,000 using a proportional formula. The credit would apply only to places of business in covered disaster-affected or FEMA-assisted areas and would use the same qualified-expenditure rules as the homeowner credit. You could not claim this business credit for expenses already used to claim the homeowner credit. This would apply to taxable years beginning after December 31, 2025, with similar onsite compliance and carryforward rules.

Sponsors & CoSponsors

Sponsor

Salazar

FL • R

Cosponsors

  • Rep. Pettersen, Brittany [D-CO-7]

    CO • D

    Sponsored 12/16/2025

  • Rep. Gimenez, Carlos A. [R-FL-28]

    FL • R

    Sponsored 12/16/2025

  • Peters

    CA • D

    Sponsored 12/16/2025

Roll Call Votes

No roll call votes available for this bill.

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