Working Waterfront Disaster Mitigation Tax Credit Act

Hozzl · 2025-08-27T03:24:40Z

Explore the details of Senate Bill 2538 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, 3:24 AM

Summary of Bill S 2538

This bill, designated as S. 2538 in the 119th Congress and introduced on July 30, 2025, aims to amend the Internal Revenue Code of 1986 to establish a credit specifically for hazard mitigation projects related to designated working waterfront properties.

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Current Status of Bill S 2538

Bill S 2538 is currently in the status of Bill Introduced since July 30, 2025. Bill S 2538 was introduced during Congress 119 and was introduced to the Senate on July 30, 2025. Bill S 2538's most recent activity was Read twice and referred to the Committee on Finance. as of July 30, 2025

Bipartisan Support of Bill S 2538

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill S 2538

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 2538

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

Comments

Irene Brewer

1,084

1 year ago

This bill is so bad, it will hurt us all. I don't know what they are thinking with this. It's going to make things worse for everyone. Who is going to suffer because of this?

Tru Foster

1,072

1 year ago

This bill is good for us old folks in DC. How does it help others?

Elia Spivey

985

1 year ago

I can't believe this bill is even being considered! It's outrageous that they want to give tax credits for disaster mitigation on working waterfronts. This is just another example of government overreach and wasteful spending. It's time for our elected officials to start focusing on real issues that actually benefit the American people, not just lining the pockets of special interest groups. #NotMyTaxDollars