Disaster Zone Energy Affordability and Investment Act

Summary

The bill changes the tax code so that companies affected by a federally declared disaster can use a portion of their general business tax credit carryforwards—up to the amount they spend on qualified disaster‑area activities—to lower their taxes. It covers any taxpayer, including members of a consolidated group, that makes eligible expenditures in a qualified disaster area after Dec. 31, 2023. The change is intended to give disaster‑impacted firms quicker tax relief.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share