Shelter Act

This bill would create a federal income tax credit for individuals equal to 25 percent of what they spend to protect their homes from natural disasters, such as stronger roofs, flood elevation, fire-resistant materials, storm shelters, and backup generators. The individual credit would be capped at $3,750 per year ($7,500 for joint filers) and $15,000 total per home, and would shrink for people with adjusted gross income above $100,000. Homes must be in areas that have had federal disaster declarations or FEMA hazard mitigation assistance, and work must meet building codes. Businesses could claim a separate 25 percent credit of up to $5,000 per year, reduced for businesses with average gross receipts above $5 million. Both credits would apply to tax years starting after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Maria Elvira Salazar Republican sponsor
• 4 cosponsors