U.S. Congress legislation · 119th Congress
HB7450: Disaster Zone Energy Affordability and Investment Act
Status: In committee, February 9, 2026
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.
What the bill says
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.
From the introduced text, February 9, 2026:
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. SECTION 1. Short title This Act may be cited as the Disaster Zone Energy Affordability and Investment Act . SECTION 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 business credit carryforwards means, with respect to any taxable year, the sum of the amounts described in section 38(a)(1) which-- (i) are carried to any taxable year beginning after December 31, 2023, and (ii) attributable to any credit described in clauses (ii) and (ix) of subparagraph (A). (B) Eligible expenditures (i) In general …
Sponsors
- Greg Steube (R, HD-FL-17) · primary sponsor
- Gregory Murphy (R, HD-003)
- Vern Buchanan (R, HD-FL-16)
- Suzan DelBene (D, HD-001)
- Terri Sewell (D, HD-007)
- Richard Hudson (R, HD-009)
- Chuck Edwards (R, HD-NC-11)
- Darren Soto (D, HD-FL-9)
- Jared Moskowitz (D, HD-FL-23)
- Pat Harrigan (R, HD-010)
- Aaron Bean (R, HD-FL-4)
- David Valadao (R)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB7450?
- HB7450 is a bill in Congress (119th Congress): Disaster Zone Energy Affordability and Investment Act.
- What does HB7450 do?
- In its own words: 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.
- What is the status of HB7450?
- In committee as of February 9, 2026. Latest action: Referred to the House Committee on Ways and Means. (February 9, 2026).
- Who sponsored HB7450?
- Greg Steube (R, HD-FL-17), with 11 co-sponsors.
- Where is the official record for HB7450?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/7450
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.