SB6 Alabama 2010 1st Special Session

Sponsors

Session

First Special Session 2010

Title

Governor, a member of Governor's family, or a member of the Governor's cabinet, prohibited from contracting, lobbying, and working for companies that contract or lobby with the Executive Branch for two years following departure from public service, Sec. 36-25-19 am'd.

Description

This bill would provide further for insurance for residential property and damage caused from a catastrophic windstorm event.

This bill would establish a catastrophe savings account to cover an insurance deductible and other uninsured portions of risk of loss for residential property from a catastrophic windstorm event.

This bill would allow taxpayers to claim a credit against their state income tax for deposits made into the catastrophe savings account.

Establishing a catastrophe savings account to provide reimbursement for deductible amounts and other uninsured portions of risks of loss to owners of residential property from a windstorm event and allowing a tax credit for deposits made into the account.

Subjects

Public Officers and Employees