Representative Greg Steube (R-FL) appeared on Fox Business to discuss his bill, The Federal Disaster Tax Relief Act of 2023, and what it means for Floridians and Americans alike as President Joe Biden (D) recently signed it into law. The legislation would allow all Americans affected by a federally declared natural disaster to receive a tax write-off for the damages that occurred throughout the year.
The Florida representative said that this bill could bring hundreds of millions of dollars to the state of Florida as residents experienced tremendous hardship due to the recent hurricanes.
Under my bill that was recently signed into law, any American affected by a Presidentially-declared disaster is now eligible for disaster tax relief…