State grants to Florida homeowners to strengthen their housesagainst storm damage will not be reported as taxable income to thefederal government, said Florida Chief Financial Officer AlexSink.

The grants involved are awarded to homeowners through the MySafe Florida Home (MSFH) program.

Ms. Sink, who heads the Department of Financial Services, madethe announcement after receiving a Letter Ruling from the InternalRevenue Service (IRS) stating that MSFH grants will be excludedfrom “gross incomes for federal income tax purposes.”

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