Shelter Act

This bill would create a federal tax credit for individuals equal to 25 percent of what they spend to protect their homes from natural disasters, such as roof strengthening, flood elevation, wildfire-resistant materials, storm shelters, and backup generators. The credit would be capped at $3,750 per year ($7,500 for joint filers) and $15,000 total per home, and it would shrink for households with adjusted gross income above $100,000 ($200,000 for joint filers). Homes must be in areas with recent federal disaster declarations, FEMA hazard mitigation assistance, or community disaster resilience zone status, and work must meet current building codes. The bill would also create a business tax credit of 25 percent of similar spending, capped at $5,000 per year and 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

• Michael F. Bennet Democrat sponsor
• 1 cosponsors