SB6 Alabama 2011 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Ben H. Brooks
Republican
Co-Sponsors: Trip Pittman Rusty Glover
Session: Regular Session 2011
Title: Coastal area properties, income tax deduction the lesser 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

Read for the first time and referred to the Senate committee on Banking and Insurance