SB6 Alabama 2011 Session

Summary

Primary Sponsor

Ben H. Brooks

Republican

Co-Sponsors

Trip PittmanRusty 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.

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Subjects

Taxation