HB295 Alabama 2011 Session

Summary

Primary Sponsor

Randy Davis

Republican

Co-Sponsors

Harry ShiverJoe FaustAlan BakerSteve McMillan

Session

Regular Session 2011

Title

Catastrophe savings account, established, to cover insurance deductibles and other uninsured portions of risks of loss to owners of residential property owners from windstorm events, income tax credit for deposits made to account

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.

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Subjects

Insurance