Action Center Home State Legislation Announcements About
HR 9909: Tax Incentives for a Better Boating Experience
October 25, 2024 by BoatU.S. Government Affairs Team

The Working Waterfront Disaster Mitigation Tax Credit Act, H.R. 9909, introduced in the House of Representatives, aims to provide significant benefits to recreational boaters by enhancing the resilience and safety of waterfront properties. This legislation offers a 30% tax credit for investments in hazard mitigation projects on working waterfront properties, which include areas used for recreational boating.

For recreational boaters, this means improved infrastructure and facilities at marinas and other boating access points. The tax credit encourages the elevation of structures, flood risk reduction measures, shoreline stabilization, and retrofitting existing facilities to withstand natural hazards. These improvements can lead to safer and more reliable access to waterways, reducing the risk of damage to boats and equipment during extreme weather events.

Additionally, the act supports the installation of warning systems and other safety measures, enhancing the overall boating experience by providing timely alerts about potential hazards. By incentivizing these upgrades, the legislation not only protects property but also ensures that recreational boaters can enjoy their activities with greater peace of mind.

It is important to note that the legislation has only been recently introduced – meaning the resolution has a long way to go before being signed into law. Nonetheless, BoatU.S. supports H.R. 9909 and believes it represents a proactive approach to safeguarding waterfront areas, making them more resilient and enjoyable for recreational boaters across the United States.

0
Please do not close this window. You will need to come back to this window to enter your code.
We just sent an email to ... containing a verification code.

If you do not see the email within the next five minutes, please ensure you entered the correct email address and check your spam/junk mail folder.
Share with Friends
Or copy the link below to share this blog post on your personal website
http://votervoice.net/Shares/BAAAAAEJBNbrBAmiJ7e7FAA

© 2023 BoatUS.com | Privacy Policy | Contact Us

5323 Port Royal Rd., Springfield VA 22151