This bill amends the Internal Revenue Code to permit certain taxpayers impacted by disasters to transfer a portion of their accumulated general business credit carryforwards. The primary goal is to offer financial assistance and encourage economic recovery in areas devastated by significant events. Specifically, it allows for the transfer of these credits up to the amount of eligible expenditures incurred by the taxpayer. To qualify, these expenditures must be made for operating a trade or business within a qualified disaster area . A qualified disaster area includes regions where a major disaster was federally declared or a state-declared disaster occurred after December 31, 2023. The bill also includes a special rule waiving the usual registration requirement for these transfers until the Treasury Department's online system is updated to accommodate the new provisions.