R Street welcomes Florida sales tax holiday on storm supplies
TALLAHASSEE, Fla. (Jan. 29, 2014) – The R Street Institute welcomed this week’s proposal by Florida Gov. Rick Scott that the state enact a 15-day sales tax holiday for hurricane preparedness supplies.
The tax holiday, which would coincide with the state of hurricane season June 1 and run through June 14, would encourage residents to invest in flashlights, batteries, and radios, as well as crucial disaster mitigation items like storm shutters.
“According to FEMA, each dollar spent on mitigation saves society an average of four dollars,” R Street Florida Director Christian Cámara said. “These savings come not only from the decrease in physical damage when the wind blows, but also in meaningful reductions in the cost of insurance coverage both on the individual and the state as a whole.”