Major Hurricane Milton is expected to make landfall in Florida, bringing with it devastating storm surge, winds, and inland flooding. The Seminole Tribe of Florida should have access to the federal resources required for emergency response and recovery preparations on...
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Rubio, Scott to POTUS: Prepare for Hurricane Impacts to Port of Tampa Bay
Major Hurricane Milton is forecasted to potentially hinder or obstruct the Port of Tampa Bay, which receives more than 40 percent of Florida’s petroleum products. It’s crucial for the federal government to expedite all requested measures to protect Florida’s economy...
Rubio, Scott Support Florida’s Request for Pre-landfall Emergency Declaration Ahead of Hurricane Milton
Major Hurricane Milton is forecasted to impact Florida with devastating storm surge, winds, and inland flooding. After just being hit by Hurricane Helene, it’s crucial for the State of Florida to have the support of the federal government. U.S. Senators Marco Rubio...
Video: Rubio Remembers October 7, 2023 Terrorist Attacks
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Photos: Rubio Visits Barrier Islands Post-Hurricane Helene
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Rubio, Scott Introduce Bill Giving Tax Relief to Florida’s Fishing Industry
Washington, D.C. — Today, U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the Fishing Equipment Tax Relief Act, legislation that would create excise tax fairness for portable, electronically-aerated bait containers to be the same as the parts used to assemble it. The tax code currently penalizes small businesses that manufacture these bait containers by applying the 3 percent rate if the parts are sold separately, but the 10 percent tax rate if the product is sold assembled.
“Florida’s robust saltwater fishing industry is critical to our state’s economy and our residents’ way of life. This 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,” Rubio said. “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.”
Scott said, “Throughout my eight years as Governor of Florida, we turned Florida’s economy around. We cut taxes and eliminated burdensome regulations, saving Floridians more than $10 billion. I’m proud to build on those efforts by supporting the Fishing Equipment Tax Relief Act. This bill would save families more of their hard-earned money as they enjoy Florida, the fishing capital of the world.”
In Florida, saltwater recreational fishing has an $8 billion economic impact and supports over 114,000 jobs, according to the Florida Fish and Wildlife Conservation Commission.
An electronically-aerated bait container is a portable fishing bait basin that is technologically enhanced to endure being submerged in water, freezing temperatures, heavy loads, and host live bait for saltwater fishing. Reducing the excise tax for portable, electronically-aerated bait containers will provide meaningful tax relief for Florida’s robust saltwater fishing industry since this equipment is important for saltwater fishing operations.