Diaz-Balart Votes for Tax Relief to Support Hurricane Impacted Communities
WASHINGTON – Congressman Mario Diaz-Balart (FL-25) issued the following statement after the passage H.R. 3823, Disaster Tax Relief and Airport and Airway Extension Act of 2017. The bill contains tax benefits to individuals living in areas impacted by Hurricanes Harvey, Irma, and Maria. U.S. citizens in Puerto Rico and the U.S. Virgin Islands are also eligible for these tax benefits.
“This year, we have experienced an extremely active hurricane season that has left destruction and devastation in its path. After days without running water or electricity, parts of Florida are just beginning the rebuilding process. A large number of homes in our community have been deemed structurally unsafe, and hundreds more require critical repair. This legislation provides significant tax relief that will assist Floridians and others who have been impacted by recent storms. Many are now left to find the financial means to make needed repairs to their homes. Among others, by eliminating the tax penalty on early retirement plan withdrawals, we can help folks access the capital required to make these repairs and get back on their feet. These tax benefits also extend to citizens of Puerto Rico and the U.S. Virgin Islands, assisting Caribbean citizens who need our support in this difficult time.”