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
Relating to homeowners who retrofit their homes to help resist hurricane and windstorm damages pursuant to the specifications in Section 2 of Act 2009-500, 2009 Regular Session, now appearing as Section 27-31D-2, Code of Alabama 1975, of Chapter 31D, Title 37; to provide an income tax credit of the lesser of 25 percent of the costs of such retrofitting or $1,500.
|March 1, 2011||Read for the first time and referred to the Senate committee on Banking and Insurance|
|Bill Text||SB6 Alabama 2011 Session - Introduced|