Bill · H.R. 3549· House(119-HR-3549)
Critical Businesses Preparedness Act
- Introduced
- 5/21/2025
- Last activity
- 5/21/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Morgan Luttrell
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Critical Businesses Preparedness Act aims to amend the Internal Revenue Code of 1986. It seeks to provide a tax credit to certain businesses for purchasing electric generators. This applies to businesses deemed critical during the aftermath of floods or hurricanes. The credit is specifically for generators placed in service within high risk disaster areas. This includes the costs of installation for the generators.
Yes· 3 of 7
Would business owners be better off under this?+5
Business owners of critical industries receive a 30 percent tax credit for generator expenses.
Does this cut taxes for small businesses?+5
The bill provides a 30 percent tax credit for critical businesses to offset the cost of electric generators.
Does this make it easier to run a small business?+5
The tax credit provides financial relief to critical businesses such as grocery stores and gas stations for disaster preparedness.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax relief for critical businesses: Specified taxpayers, such as hospitals, nursing homes, grocery stores, and gas stations, can receive a credit equal to 30 percent of their qualified electric generator expenses, including installation costs. (Section 2(a)(1) and 2(a)(2))
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Enhanced preparedness in disaster zones: The bill targets businesses in areas determined to be at high risk of flooding or hurricanes, which may assist in maintaining essential services during disasters. (Section 2(a)(2))
Potential Negative Impacts for People
-
Restriction on double benefits: Taxpayers cannot claim a deduction or credit for the same expenses for which they have already received this specific tax credit. (Section 2(a)(4))
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Reduction in property basis: The basis of the property must be reduced by the amount of the credit if the expenses were used to determine that basis. (Section 2(a)(4))
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Retirees+3Good For Seniors+3
- Economy And Finance
- Improves Small Business Support+5Reduces Small Business Taxes+5
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+5
- Healthcare
- Improves Healthcare Access+3
- 5/21/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House