HB456 Alabama 2012 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 deduction 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 deduction for deposits made into the account.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Indefinitely Postponed | |
| April 5, 2012 | Read for the second time and placed on the calendar | |
| March 1, 2012 | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB456 Alabama 2012 Session - Introduced |
Source: Alabama Legislature