Lawmakers Introduce Bipartisan Bill to Boost Disaster Resilience for Working Waterfronts

Politicians from key seafood-producing states introduced bipartisan, bicameral legislation that offers a disaster mitigation tax credit to working waterfronts located on the coasts and on navigable waterways, per an announcement from US Senator Angus King (I-ME)’s office.
The Working Waterfronts Disaster Mitigation Tax Credit Act would provide working waterfronts with a 30 percent tax credit on up to $1 million when they invest in mitigation expenses, adjusted for inflation annually.
King was joined on the bill by Senator Bill Cassidy...
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