Skip to main content

SB227 Alabama 2012 Session

Updated Jul 25, 2021
SB227 Alabama 2012 Session
Senate Bill
Enacted
Current Status
Regular Session 2012
Session
5
Sponsors

Summary

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

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.

Subjects
Insurance

Bill Actions

Forwarded to Governor on May 9, 2012 at 11:23 a.m. on May 9, 2012

Assigned Act No. 2012-413.

Enrolled

Signature Requested

Concurred in Second House Amendment

Brooks motion to Concur In and Adopt adopted Roll Call 1205

Concurrence Requested

Motion to Read a Third Time and Pass adopted Roll Call 1316

Motion to Adopt adopted Roll Call 1315

Ways and Means Education Amendment Offered

Third Reading Passed

Read for the second time and placed on the calendar 1 amendment

Read for the first time and referred to the House of Representatives committee on Ways and Means Education

Motion to Read a Third Time and Pass adopted Roll Call 734

Third Reading Passed

Read for the second time and placed on the calendar

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

Bill Text

Votes

Motion to Read a Third Time and Pass

April 26, 2012 Senate Passed
Yes 32
Absent 3

Motion to Adopt

May 8, 2012 House Passed
Yes 91
Abstained 1
Absent 13

Motion to Read a Third Time and Pass

May 8, 2012 House Passed
Yes 96
Abstained 1
Absent 8

Documents

Source: Alabama Legislature