Sens. Rick Scott, Marco Rubio Reintroduce Legislation to Provide Tax Relief to Florida’s Fishing Industry
By Space Coast Daily // April 18, 2021
Rubio: saltwater fishing industry is critical to our state’s economy
TALLAHASSEE, FLORIDA – Senators Rick Scott and Marco Rubio reintroduced the Fishing Equipment Tax Relief Act, which would create fairness in federal excise taxes by equalizing the tax rates for portable, electronically-aerated bait containers and the parts used to assemble them.
The tax code currently penalizes small businesses that manufacture these bait containers by applying a three percent rate if the parts are sold separately, but a 10 percent tax rate if the product is sold assembled.
“As 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 burdensome regulations so every Floridian could live their dreams in the Sunshine State,” said Sen. Rick Scott. “I’m proud to join Senator Rubio to support the Fishing Equipment Tax Relief Act and continue this important work in our great state, the fishing capital of the world.”
Senator Marco Rubio believes the measure is critical for Florida’s economy.
“Florida’s robust saltwater fishing industry is critical to our state’s economy and our residents’ way of life,” said Sen. RubioThis important legislation will provide meaningful relief to Florida’s fishing industry and ensure it continues to be a thriving piece 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.”