SB207 Alabama 2010 Session

Sponsors

Session

Regular Session 2010

Title

Coastal area properties, income tax credit the lessor of 25 percent of costs or $1,500 for retrofit improvements to homes to help withstand hurricane and windstorm damages

Description

<p class="bill_description"> Currently, homeowners are provided insurance premium reductions for retrofitting their homes to strengthen the structures in order to help resist hurricane and other windstorm damages</p><p class="bill_description"> This bill would provide a state income tax credit to homeowners who retrofit their homes to help resist such wind and storm damages. The credit would be the lesser of 25 percent of the retrofitting costs or $1,500</p><p class="bill_entitled_an_act"> Relating to homeowners who retrofit their homes to help resist hurricane and windstorm damages pursuant to the specifications in Section 2 of Act 2009-500, 2009 Regular Session, now appearing as Section 27-31D-2, Code of Alabama 1975, of Chapter 31D, Title 37; to provide an income tax credit of the lesser of 25 percent of the costs of such retrofitting or $1,500. </p>

Subjects

Taxation