Disaster Zone Energy Affordability and Investment Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7450 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7450 To amend the Internal Revenue Code of 1986 to allow a portion of general business credit carryforwards to be transferred by certain taxpayers affected by federally declared disasters and other incidents. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 9, 2026 Mr. Steube (for himself, Mr. Murphy, Mr. Buchanan, Ms. DelBene, Ms. Sewell, Mr. Hudson, Mr. Edwards, Mr. Soto, Mr. Moskowitz, and Mr. Harrigan) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow a portion of general business credit carryforwards to be transferred by certain taxpayers affected by federally declared disasters and other incidents. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Disaster Zone Energy Affordability and Investment Act''. SEC. 2. CERTAIN CARRYFORWARDS OF GENERAL BUSINESS CREDIT TREATED AS TRANSFERRABLE CREDITS FOR TAXPAYERS AFFECTED BY CERTAIN DISASTERS. (a) In General.--Section 6418(f)(1)(A) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause: ``(xiii) so much of the amount of the applicable general business credit carryforwards as does not exceed the eligible expenditures made by the taxpayer during the taxable year.''. (b) Applicable General Business Credit Carryforwards.--Section 6418(f) of such Code is amended by adding at the end the following new paragraph: ``(3) Definitions and rules related to applicable general business credit carryforwards.--For purposes of paragraph (1)(A)(xiii)-- ``(A) In general.--The term `applicable general bus