Shelter Act
To amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures.
HB6763, known as the Shelter Act, proposes to amend the Internal Revenue Code to offer a tax credit for expenses related to disaster mitigation. This means that individuals and businesses that invest in measures to prevent or reduce the impact of natural disasters could receive a credit on their taxes, effectively lowering their tax bill.
This bill would primarily affect individuals and businesses that are proactive in disaster preparedness. By offering a financial incentive through tax credits, the bill aims to encourage more widespread adoption of disaster mitigation strategies, potentially saving lives and reducing economic losses in the long term.
As of the latest update on December 16, 2025, HB6763 has been introduced and referred to the House Committee on Ways and Means. This is the first step in its journey through the legislative process, where it will be reviewed, potentially amended, and then considered for a vote in the House.
