HB296 Alabama 2011 Session
Updated Jul 26, 2021
HB296 Alabama 2011 Session
House Bill
Expired
Current Status
Regular Session 2011
Session
5
Sponsors
Summary
- Primary Sponsor
-
Randy DavisRepublican - Co-Sponsors
- Harry ShiverJoe FaustAlan BakerSteve McMillan
- Session
- Regular Session 2011
- 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
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.
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.
- Subjects
- Taxation
Bill Actions
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Bill Text
Documents
Source: Alabama Legislature