CONGRESS FOR VOTERS

W. Steube (R-FL)

Disaster Zone Energy Affordability and Investment Act

H.R. 7450 · House bill Taxation

A Republican bill with 7 Democratic cosponsors · See all 35 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is known as the Disaster Zone Energy Affordability and Investment Act. It allows certain taxpayers affected by federally declared disasters and other incidents to transfer a portion of their general business credit carryforwards. Specifically, it amends section 6418(f)(1)(A) of the Internal Revenue Code of 1986. The bill defines applicable general business credit carryforwards and eligible expenditures related to qualified disaster areas. It also provides a special rule regarding registration requirements by the Secretary of the Treasury.

Yes· 3 of 5

  • Scored +5

    Does this make it easier to run a small business?

    The bill directly assists businesses in disaster-affected areas by allowing them to transfer business credits to improve liquidity.

  • Scored +5

    Would business owners be better off under this?

    Business owners in disaster areas benefit from the ability to transfer and utilize business tax credits.

  • Scored +4

    Does this cut taxes for small businesses?

    The bill provides financial flexibility to businesses in disaster areas by allowing the transfer of business credit carryforwards.

The opposite

No question was scored the opposite.