This bill amends the Internal Revenue Code of 1986 to allow certain taxpayers affected by disasters to transfer a portion of their general business credit carryforwards. Specifically, it permits the transfer of applicable general business credit carryforwards , limited to the amount of eligible expenditures made by the taxpayer in a qualified disaster area . This provision applies to carryforwards for taxable years beginning after December 31, 2023, and to disasters declared or determined after December 31, 2023. Applicable general business credit carryforwards are those carried to taxable years after December 31, 2023, from specific credits. Eligible expenditures are amounts paid or incurred for conducting a trade or business in a qualified disaster area within two calendar years of the disaster declaration. A qualified disaster area includes areas with federally declared major disasters or state-declared disasters occurring after December 31, 2023. The bill's provisions take effect for taxable years ending after its enactment, with a special rule waiving certain registration requirements until the Treasury's online tool is updated.