To amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers. The main policy domain is Energy, Environment, Finance.
Who Benefits and How
energy producers, utilities, and energy consumers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, energy producers, utilities, and energy consumers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H076A4A697DD04890A638356CAE04E954: 1. Short title This Act may be cited as the Shelter Act.
- Section HBFCBB2EE036946A19F721DB31AF0915E: 2. Nonrefundable personal credit for disaster mitigation expenditures Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is...
- Section H29EAA887A6AA4CF5A49078B5EE472B4D: 25F. Disaster mitigation expenditures In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable...
- Section H967FE83428AC4C43B1FB0E242863388A: 3. Business-related credit for disaster mitigation Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by...
- Section H9A22093A195E4B3589979ED8B33C7B3B: 45BB. Disaster mitigation credit For purposes of section 38, the disaster mitigation credit determined under this section for any taxable year is an amount...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Key Policy Areas
Energy, Environment, Finance
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Policy Domains
Whole bill
Identified Gains
- energy producers, utilities, and energy consumers
Identified Costs
- federal implementing agencies
- energy producers, utilities, and energy consumers
Sponsors
Legislative Progress
IntroducedMr. Bennet (for himself and Mr. Cassidy) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
- "administrator_of_fema"
- → Administrator of the Federal Emergency Management Agency
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology