U.S. House Reps Introduce Legislation to Support Working Waterfronts Impacted by Natural Disasters
U.S. Representatives Chellie Pingree (D-Maine) and Greg Murphy, M.D. (R-N.C.) introduced bipartisan legislation that would offer a disaster mitigation tax credit for working waterfronts.
The Work Waterfronts Disaster Mitigation Tax Credit Act would allow working waterfronts along coastal areas and navigable waterways to claim a 30% tax credit on mitigation costs, up to $1 million.
Companion legislation was introduced in the Senate by Senators Angus King (I-Maine) and Bill Cassidy (R-La.) in August...
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