Critical Businesses Preparedness Act

This bill gives certain “critical” businesses a 30% federal tax credit to help pay for buying and installing backup electric generators. It only applies in places the government, working with FEMA, says are at high risk for floods or hurricanes. The goal is to help keep important services running after storms—like medical care, food, and fuel. The credit covers the generator itself and installation costs.

Businesses that qualify include hospitals, nursing homes, grocery stores, and gas stations. Other businesses can be named if the government decides they are critical after a flood or hurricane. You can’t “double dip” on taxes for the same costs, and the tax value of the equipment is lowered by the amount of the credit.

• Who is affected: Hospitals, nursing homes, grocery stores, gas stations, and other government-designated critical businesses
• What changes: 30% tax credit for buying and installing generators in high-risk flood or hurricane areas
• Limits: No claiming other tax breaks for the same expenses; the equipment’s tax value is reduced by the credit