SB1 Alabama 2011 Session
Bill Summary
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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 1, 2011 | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB1 Alabama 2011 Session - Introduced |
Source: Alabama Legislature