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Sen. Graham Introduces Disaster Zone Energy Affordability and Investment Act

Bailey Malota

WASHINGTON, Feb. 5 -- Sen. Lindsey Graham, R-SC, has introduced the Disaster Zone Energy Affordability and Investment Act, which aims to amend the Internal Revenue Code of 1986. The legislation allows certain taxpayers affected by federally declared disasters to transfer portions of their general business credit carryforwards, providing them greater financial latitude in the wake of calamities.

The bill is motivated by the growing challenges faced by businesses in disaster-stricken . . .

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