US SB3497

Creates a new tax credit for homeowners and businesses who make disaster mitigation improvements to their properties

Covers expenditures for measures that reduce risk from natural disasters such as hurricanes, earthquakes, wildfires, floods, and tornadoes

Amends the Internal Revenue Code of 1986 to add this credit to existing tax provisions

Aims to incentivize proactive investments in property resilience before disasters occur, potentially reducing future damage and recovery costs