Bipartisan proposal introduces tax credits for coastal working waterfronts to enhance disaster preparedness and resilience.
Quiver AI Summary
U.S. Senators Angus King (I-ME) and Bill Cassidy (R-LA), along with Representatives Chellie Pingree (D-ME) and Greg Murphy (R-NC), have introduced the Working Waterfronts Disaster Mitigation Tax Credit Act. This bipartisan legislation aims to provide a 30% tax credit, up to $1 million, for working waterfronts to invest in disaster mitigation measures as hurricane season approaches.
The bill seeks to assist coastal communities facing challenges from climate change, promoting infrastructure enhancements to protect against natural disasters. Senator King emphasized the need for financial resources for waterfronts adapting to an evolving climate, while Congresswoman Pingree underscored their importance as economic backbones amid increasing climate impact concerns.
The proposed tax credit targets small businesses involved in activities like fishing, boating, and aquaculture. Supporting organizations, such as the Island Institute, have expressed gratitude for this initiative, seeing it as a vital resource for businesses affected by recent severe weather events.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Angus S. King Jr. Net Worth
Quiver Quantitative estimates that Angus S. King Jr. is worth $9.5M, as of August 1st, 2025. This is the 98th highest net worth in Congress, per our live estimates.
King has approximately $2.7M invested in publicly traded assets which Quiver is able to track live.
You can track Angus S. King Jr.'s net worth on Quiver Quantitative's politician page for King.
Angus S. King Jr. Bill Proposals
Here are some bills which have recently been proposed by Angus S. King Jr.:
- S.2538: A bill to amend the Internal Revenue Code of 1986 to provide a credit for hazard mitigation projects in connection with certain working waterfront property.
- S.2409: A bill to amend the Federal Meat Inspection Act to exempt from inspection the slaughter of animals and the preparation of carcasses conducted at a custom slaughter facility, and for other purposes.
- S.1345: America's First Fuels Act
- S.1336: Jobs in the Woods Act
- S.1315: A bill to amend the Internal Revenue Code of 1986 to provide a refundable credit for certain home accessibility improvements.
- S.1279: A bill to redesignate the Hulls Cove Visitor Center at Acadia National Park as the George J. Mitchell Visitor Center.
You can track bills proposed by Angus S. King Jr. on Quiver Quantitative's politician page for King.
Angus S. King Jr. Fundraising
Angus S. King Jr. recently disclosed $10.0K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 874th most from all Q2 reports we have seen this year. 4.9% came from individual donors.
King disclosed $55.8K of spending. This was the 668th most from all Q2 reports we have seen from politicians so far this year.
King disclosed $114.2K of cash on hand at the end of the filing period. This was the 761st most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Angus S. King Jr.'s fundraising on Quiver Quantitative.
