Sen. Rick Scott Announces READY Account Act to Provide Tax-Free Savings Accounts for Disaster Mitigation and Response
October 25, 2024
October 25, 2024
WASHINGTON, Oct. 25 -- Sen. Rick Scott, R-Florida, issued the following news release:
Today, following Major Hurricanes Helene and Milton, Senator Rick Scott announced the Residential Emergency Asset Accumulation Deferred Taxation Yield (READY) Account Act to create a tax-free savings vehicle for home mitigation and disaster response costs. This legislation would enable taxpayers to establish a READY account, similar to a Health Savings Account (HSA), for at least 12 different mitig . . .
Today, following Major Hurricanes Helene and Milton, Senator Rick Scott announced the Residential Emergency Asset Accumulation Deferred Taxation Yield (READY) Account Act to create a tax-free savings vehicle for home mitigation and disaster response costs. This legislation would enable taxpayers to establish a READY account, similar to a Health Savings Account (HSA), for at least 12 different mitig . . .