Tax Relief

Sens. Rick Scott and Marco Rubio are reintroducing the laws to present Florida’s fishing business tax relief

Rubio: Saltwater fishing is vital to our state’s economy

Senators Rick Scott and Marco Rubio reintroduced the Fishing Gear Tax Relief Act, which would create fairness in federal excise duties by offsetting tax rates on portable, electronically ventilated bait containers and the parts they were assembled with.

TALLAHASSEE, FLORIDA – Senators Rick Scott and Marco Rubio reintroduced the Fishing Gear Tax Relief Act, which would create fairness in federal excise duties by offsetting tax rates on portable, electronically ventilated bait containers and the parts they were assembled with .

Tax law currently penalizes small businesses that make these bait containers with a tax rate of three percent if the parts are sold separately and a tax rate of 10 percent if the product is sold assembled.

“As the governor of Florida, I worked every day to make sure our state was the best place in the nation to do business. We cut taxes 100 times and cut 5,400 onerous regulations so every Floridian can live their dreams in the Sunshine State, ”said Senator Rick Scott. “I am proud to join Senator Rubio to support the fishing equipment tax break act and to continue this important work in our great state, the fishing capital of the world.”

Senator Marco Rubio believes the measure is critical to Florida’s economy.

“Florida’s robust saltwater fishery is vital to our state’s economy and the way of life of our people,” said Senator Rubio. This important piece of legislation will take a lot of pressure off Florida’s fishing industry and ensure that it continues to be a thriving part of our state’s economy. Florida is the fishing capital of the world, and I take my responsibility seriously to protect our state’s environment and economy for future generations. “

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