,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #cedi  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ba1 #bjbe,mr4  
,luttrell introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to amend 
the ,internal ,revenue ,code of #aihf to
 provide critical businesses with a tax 
credit for electric generators placed in
 service in certain high risk disaster  
areas4  #a4 ,short title ,this ,act may 
be cited as the ,critical ,businesses   
,preparedness ,act4  #b4 ,credit for    
electric generators placed in service by
 critical businesses in high risk       
disaster areas  7a7 ,in general ,subpart
 ,d of part ,,iv of subchapter ,a of    
chapter #a of the ,internal ,revenue    
,code of #aihf is amended by adding at  
the end the following new section3      
#de;,,bb4 ,credit for electric          
generators placed in service by critical
 businesses in high risk disaster areas 
7a7 ,in general ,for purposes of section
 #ch1 in the case of a specified        

taxpayer1 the qualified disaster        
preparedness electric generator expenses
 credit for any taxable year is an      
amount equal to #cj percent of the      
qualified disaster preparedness electric
 generator expenses paid or incurred by 
the taxpayer during such taxable year4  
7b7 ,specified taxpayer ,for purposes of
 this section1 the term specified       
taxpayer means any person engaged in a  
trade or business that is determined by 
the ,secretary1 after consultation with 
the ,administrator of the ,federal      
,emergency ,management ,agency1 as being
 a trade or business that is critical in
 the aftermath of a flood or hurricane4 
,such trades or businesses shall not    
fail to include hospitals1 nursing      
homes1 grocery stores1 and gas stations4
  7c7 ,qualified disaster preparedness  
electric generator expenses ,for        
purposes of this section-- 7#a7 ,in     
general ,the term qualified disaster    
preparedness electric generator expenses
 means1 with respect to any specified   

taxpayer1 any amount paid or incurred by
 such taxpayer for an electric generator
 7including costs of installation7      
placed in service in a high risk        
disaster area and used in a trade or    
business referred to in subsection 7b74 
7#b7 ,high risk disaster area ,the term 
high risk disaster area means any area  
determined by the ,secretary1 after     
consultation with the ,administrator of 
the ,federal ,emergency ,management     
,agency1 as being an area that is at    
high risk of flooding or hurricanes4    
7d7 ,denial of double benefit ,in the   
case of any qualified disaster          
preparedness electric generator expenses
 with respect to which credit is allowed
 under subsection 7a7-- 7#a7 no         
deduction or credit shall be allowed    
for1 or by reason of1 any such expense  
to the extent of the amount of such     
credit1 and  7#b7 the basis of any      
property shall be reduced by the amount 
of such credit to the extent that such  
expenses were taken into account in     

determining such basis4  4  7b7 ,credit 
,to be part of general business credit  
,section #ch7;b7 of such ,code is       
amended by striking plus at the end of  
paragraph 7#dj71 by striking the period 
at the end of paragraph 7#da7 and       
inserting 1 plus1 and by adding at the  
end the following new paragraph3  7#db7 
in the case of a specified taxpayer 7as 
defined in section #de;,,bb7b771 the    
qualified disaster preparedness electric
 generator expenses credit determined   
under section #de;,,bb7a74  4  7c7      
,clerical amendment ,the table of       
sections for subpart ,d of part ,,iv of 
subchapter ,a of chapter #a of such     
,code is amended by adding at the end   
the following new item3  ,sec4 #de;,,bb4
 ,credit for electric generators placed 
in service by critical businesses in    
high risk disaster areas4  4  7d7       
,effective date ,the amendments made by 
this section shall apply to amounts paid
 or incurred after the date of the      
enactment of this ,act4