Critical Businesses Preparedness Act

This bill creates a tax credit that covers 30% of the cost for certain important businesses — like hospitals, nursing homes, grocery stores, and gas stations — to buy and install electric generators in areas that have a high risk of floods or hurricanes. These businesses are considered essential in the aftermath of such disasters. If a business claims this tax credit, it must lower the official cost value of the generator by the credit amount and cannot use other federal tax benefits for the same generator expenses.

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