Solutions

Disaster Zone Tax Credit

Help when disaster hits.

let's talk

Our clients say:

TCC does not miss a beat.  They found a huge missed opportunity, twice!” 

– VP, tax, Fortune 500 manufacturing

Helping Clients Get Back To Business

Knowing Your Options

The tax credits for businesses affected by hurricanes, wildfires and other disasters can add up, depending on a number of quantitative and qualitative factors.

Beyond the Legislation

First introduced to support employers impacted by Hurricane Katrina in 2005, Disaster Zone tax credits have been enacted consistently since 2017. Most recently, the “Consolidated Appropriations Act, 2021” was signed into law December 27, 2020 and established these credits as part of disaster relief for FEMA designated disasters occurring in 2020. Businesses located in counties designated by FEMA for a certain level of assistance, whose operations were impacted by the disaster, and who continued paying employees during a period of inoperability are eligible to receive a retention credit. The definition of inoperability and instructions on how to measure the physical and economic impact of the disasters are not defined by statute. 

TCC, utilizing our extensive experience with disaster relief legislation, can assist impacted companies to capture this incentive.

Talk to Us

TCC delivers tax incentive and human resources technology-enabled services.