The Shelter Act amends the Internal Revenue Code to provide a tax credit for disaster mitigation expenditures.

The Shelter Act amends the Internal Revenue Code to introduce a nonrefundable personal credit for disaster mitigation expenditures. This credit allows individuals to claim an amount equal to 25 percent of qualified disaster mitigation expenditures made during the taxable year. The bill defines qualified expenditures as those related to a qualified dwelling unit that address hazard types identified in applicable state or tribal mitigation plans.

The Shelter Act amends the Internal Revenue Code to provide a tax credit for disaster mitigation expenditures.

The Shelter Act amends the Internal Revenue Code to introduce a nonrefundable personal credit for disaster mitigation expenditures. This credit allows individuals to claim an amount equal to 25 percent of qualified disaster mitigation expenditures made during the taxable year. The bill defines qualified expenditures as those related to a qualified dwelling unit that address hazard types identified in applicable state or tribal mitigation plans.