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.