On April 8, U.S. Senators Adam Schiff (D-CA) and Tim Sheehy (R-MT) introduced the Facilitating Increased Resilience, Environmental Weatherization and Lowered Liability (FIREWALL) Act, a bipartisan bill aimed at promoting community resilience to natural disasters through the creation of a new federal tax credit. Specifically, the FIREWALL Act would provide a federal tax credit for Americans protecting their homes from natural disasters by upgrading fire resistance, floodwater management, and other mitigation measures. The tax credit would cover 50% of eligible upgrades up to $25,000 for families making less than $200,000 per year and would be available to communities that have experienced a federally declared disaster in the last 10 years. Read the full bill text here.
For additional information, contact RCRC Senior Policy Advocate Staci Heaton.