mitigation expenditure (as defined in paragraph (1)) unless the taxpayer's place of business is located— (A) in the United States or in a territory of the United States, and (B) in an area— (i) in which a Federal natural disaster declaration has been made within the preceding 5-year period, (ii) which is adjacent to an area described in clause (i), (iii) which, during the taxable year or the period of the 5 taxable years preceding such taxable year, has received hazard mitigation assistance through the Federal Emergency Management Agency in regard to any natural disaster which, with respect to the expenditure described in section 25F(c)(1) which is made by the taxpayer, is applicable to such expenditure, or (iv) which, with respect to any taxable year, has been designated as a community disaster resilience zone (as defined in section 206(a) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5136(a) )). (d) Special rules Rules similar to the rules of subsections (d) through (g) of section 25F shall apply for purposes of this section. (e) No double benefit No credit shall be determined under this section with respect to any expenditures for which a credit was allowed under section 25F. . (b) Conforming amendments (1) Section 38(b) of such Code is amended by striking plus at the end of paragraph (40), by striking the period at the end of paragraph (41) and inserting , plus , and by adding at the end the following new paragraph: (42) the disaster mitigation credit determined under section 45BB(a). . (2) The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 45AA the following new item: Sec. 45BB. Disaster mitigation credit. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2023.