To amend the Internal Revenue Code of 1986 to allow a credit against income tax for expenditures incurred by the taxpayer to restore or protect wetlands from coastal erosion.
Coastal Preservation Act of 2005 - Amends the Internal Revenue Code to allow a tax credit for expenditures for U.S. Army Corps of Engineers-approved projects for the control or abatement of shoreline erosion in the United States greater than two feet per year (based on data published by the Bureau of Economic Geology of the University of Texas).
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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