Crist, Bilirakis Reintroduce the Shelter Act, Urge Natural Disaster Preparation
Press Release
U.S. Representatives Charlie Crist (D-St. Petersburg) and Gus Bilirakis (R-FL) announced reintroduction of the Strengthening Homes and Eliminating Liabilities Through Encouraging Readiness (SHELTER) Act, legislation to help Americans protect their homes and businesses against the devastating impacts of natural disasters.
The SHELTER Act would create a first-of-its-kind disaster mitigation tax credit for individuals and businesses, allowing them to reduce their tax bill by 25 percent of qualifying mitigation expenses of up to $5,000 annually per taxpayer. Qualifying homes and businesses include those in or adjacent to an area that the federal government has declared a disaster within the last 10 years. Taxpayers who rent property in eligible areas can also access the credit.
"A natural disaster can strike at any time. But Floridians know that preparation is key to protecting our homes, businesses, and most importantly, our families," said Rep. Crist. "This legislation rewards homeowners and small businesses who take steps to proactively mitigate their property against natural disasters -- a win, win. Let's be better prepared, together."
"As Floridians, we understand the potential danger that accompanies Hurricane Season. Disaster can strike at any time, often with little warning. It is never too early to prepare. Know your evacuation routes, and have a supply kit ready. It is equally important to ensure your home or business is structurally sound to withstand intense winds and rain. Taking steps now to reinforce a roof covering, or protect an exterior window, could mean the difference between saving money in the long-run and dealing with major property damage," said Rep. Bilirakis. "The SHELTER Act, will offer tax credits to encourage people to stormproof their homes and properties. We want to help our communities be proactive when it comes mitigating risk, as early preparation saves lives and protects property. Our local emergency managers in Pasco, Pinellas, and Hillsborough County do an incredible job of ensuring our communities are ready. But preparedness must also begin at home."
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