TAMPA, Fla. (WFLA) — Sen. Rick Scott (R-Fla.) introduced a bill Wednesday that would provide homeowners a tax deduction on home insurance premiums.
Scott said the Homeowners Premium Tax Reduction Act would provide a tax deduction of up to $10,000 for premiums paid annually for homeowners insurance at a primary residence.
In a prepared statement, Scott said becoming a homeowner is out of reach for families, blaming the Biden-Harris Administration for property insurance costs, interest rates and inflation.
“I hear heartbreaking stories from families throughout my state that they are struggling to pay their bills and they can’t wait much longer for relief from the skyrocketing costs,” Scott said. “I watched my mom struggle to make ends meet when I was growing up in public housing — working hard to put food on the table and a roof over our heads.”
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