HB453 Alabama 2014 Session

Summary

Primary Sponsor

Margie Wilcox Representative

Republican

Co-Sponsors

Victor GastonAlan BakerHarry ShiverPaul W. LeeRandy DavisSteve McMillanAdline ClarkeJames E. BuskeyJamie IsonNapoleon BracyJoe Faust

Session

Regular Session 2014

Title

Taxation, tax deduction for taxpayers who made contributions to a catastrophe savings account, increase in state tax deduction, technical corrections to remove ambiguities, Homeowner's Insurance Catastrophic Event Planning Act, Secs. 40-18-311, 40-18-312 am'd.

Description

Under existing law, taxpayers are allowed a tax deduction for contributions made to a catastrophe savings account.

This bill would create the Homeowner's Insurance Catastrophic Event Planning Act.

This bill would make technical corrections to remove ambiguities and increase the amount of the tax deduction.

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Subjects

Taxation