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New Missouri Bill to Make Storm Shelters and Safe Rooms More Affordable
JOPLIN, MO.--- Missouri lawmakers hope to pass a bill allowing tax deductions for the purchase of a safe room or storm shelter. This could give participants a one-time tax deduction of up to $5,000.
"To have a little advantage to knock off some taxes could do something. I think everybody understands it's important to have a place to go," said Representative Bill Reiboldt, Missouri District 160.
The bill estimates about 400 residents will be eligible each year for the six-year span.
"Everybody wants one, it's just having the money to invest in one. So if they did get that rebate program, I think it would help a lot more people be able to purchase one," said Emily Dunavent, Atlas Safe Rooms.
The shelter is required to be made in America, although Missouri lawmakers hope to amend the bill to include shelters made only in Missouri. Overall, the main goal is to help save lives.
"There were 11 above-ground storm shelters in the Moore tornado, and all 11 passed. So they've been very successful as far as we know," said Dunavent.
The tax deduction is for FEMA approved storm shelters and safe rooms only, basements are not included in the bill.