WASHINGTON – Congressman Byron Donalds (R-FL) jointly introduced legislation alongside Senator Rick Scott (R-FL) to provide much-needed tax relief for National Flood Insurance Program (NFIP) and private insurance policyholders across Southwest Florida, the Sunshine State, and the nation.

H.R. 8102 – "The Flood Insurance Relief Act" is the 76th piece of legislation proposed by Congressman Donalds during the 118th Congress. The bill specifically incentivizes flood insurance coverage by creating a non-refundable tax deduction for flood insurance premiums.

“Over recent years, residents of Southwest Florida and the Sunshine State have been faced with an exponential rise in flood insurance costs," said Rep. Donalds (R-FL). "This unsustainable trend is severely impacting hardworking Florida families and it is critical that this problem is immediately addressed. I am proud to introduce House legislation alongside Sen. Rick Scott to provide much-needed relief to flood insurance policyholders throughout our state.”

“As I travel around Florida, I am consistently hearing about how the broken NFIP and its rising costs are hurting Floridians," said Sen. Scott (R-FL). "I am fighting tooth and nail in Washington to fix it. While we continue to work on permanent solutions to the problems plaguing the NFIP, we need to make sure hardworking folks have access to affordable coverage. That’s why I am introducing and will be fighting to pass legislation that provides a non-refundable tax break to families who purchase flood insurance coverage either through the private market or the NFIP. This is a commonsense bill to ensure Floridians can maintain coverage without breaking the bank. I want to thank Representative Byron Donalds for leading the charge on this good bill in the House of Representatives, and look forward to its passage.”

MORE:

See graphics rollout HERE.
Read the Donalds–House legislation in its entirety HERE.
See the jointly-filed Scott–Senate legislation HERE.