WASHINGTON, Dec. 19 -- Sen. Bill Cassidy issued the following press release:
U.S. Senator Bill Cassidy, M.D. (R-LA) introduced the Shelter Act (https://www.cassidy.senate.gov/wp-content/uploads/2025/12/Shelter-Act-2025.pdf) to help families and small businesses protect their homes and properties from future natural disasters and combat rising insurance costs. The legislation would create a first-of-its-kind disaster mitigation tax credit for families and business owners in disaster-prone areas.
"Everybody in my state has lost someone or something they love because of flooding. This is another tool for families to minimize that loss,"said Dr. Cassidy.
The Shelter Act allows Americans to write off 25 percent of qualifying mitigation expens...