HB721 Alabama 2012 Session

Sponsors

Session

Regular Session 2012

Title

Catastrophe savings account, established, to cover insurance deductibles and other uninsured portions of risks of loss to owners of residential property owners from windstorm events, income tax deduction for deposits made to account

Description

<p class="bill_description"> This bill would provide further for insurance for residential property and damage caused from a catastrophic windstorm event</p><p class="bill_description"> 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</p><p class="bill_description"> This bill would allow taxpayers to claim a deduction against their state income tax for deposits made into the catastrophe savings account</p><p class="bill_entitled_an_act"> 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. </p>

Subjects

Insurance