Working Waterfront Disaster Mitigation Tax Credit Act

Hozzl · 2025-08-27T02:50:25Z

Explore the details of House Bill 4861 Working Waterfront Disaster Mitigation Tax Credit Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

8/27/2025, 2:50 AM

Summary of Bill HR 4861

H.R. 4861 of the 119th Congress, introduced on August 1, 2025, aims to amend the Internal Revenue Code of 1986 to establish a credit for hazard mitigation projects related to specific working waterfront property, focusing on incentivizing and supporting such projects through tax benefits.

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Current Status of Bill HR 4861

Bill HR 4861 is currently in the status of Bill Introduced since August 1, 2025. Bill HR 4861 was introduced during Congress 119 and was introduced to the House on August 1, 2025. Bill HR 4861's most recent activity was Referred to the House Committee on Ways and Means. as of August 1, 2025

Bipartisan Support of Bill HR 4861

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4861

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4861

To amend the Internal Revenue Code of 1986 to provide a credit for hazard mitigation projects in connection with certain working waterfront property.

Comments

Bryan Johnson

376

3 months ago

I can't believe this bill is actually being considered! It's going to give tax credits to waterfront property owners for disaster mitigation efforts. How is this fair when I don't even own waterfront property? Who benefits from this bill anyway?

Mikayla Fischer

470

3 months ago

This bill is a disaster. How will it help us?

Maisie Oliver

414

3 months ago

I can't believe this bill, it's gonna mess everything up for us. How is this gonna help anyone in the long run?

Jadiel Sparks

472

3 months ago

I ain't feelin' this new bill about the waterfront stuff. Sounds like a waste of money to me. Why we gotta be givin' tax credits for that? Seems like there's better ways to spend our money. Just sayin'.