SB254 Alabama 2014 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Homeowners insurance, counties contiguous to Mobile Bay and Gulf of Mexico, credits against insurance premium taxes for private property carriers who write coverage in Zones 1, 2, 3, and 4, geographic areas covered by Alabama Insurance Underwriting Association, Sec. 27-1-24.1 am'd.
Description
<p class="bill_description"> Under existing law, credits against
insurance premium taxes are provided for private
property insurance carriers who write homeowners
insurance policies which include wind coverage in
the counties of Alabama which are contiguous to the
Gulf of Mexico and Mobile Bay, but only where at
the time of the writing of the private policies the
property was insured under the Alabama Insurance
Underwriting Association, in an amount of 20
percent of the insurance premium tax otherwise due
in Zone 4, and 35 percent of the insurance premium
tax otherwise due in Zones 1, 2, and 3</p><p class="bill_description">
This bill would revise existing law to
provide credits in an amount of 20 percent of the
insurance premium tax otherwise due in Zones M4,
M5, B4, and B5, and 35 percent of the insurance
premium tax otherwise due in Zones M1, M2, M3, B1,
B2, B3, and South ICWW</p><p class="bill_entitled_an_act"> To amend Section 27-1-24.1, Code of Alabama 1975,
relating to credits against insurance premium taxes for
private property insurance carriers who write homeowners
insurance policies which include wind coverage in the counties
of Alabama which are contiguous to the Gulf of Mexico and
Mobile Bay, but only where at the time of the writing of the
private policies the property was insured under the Alabama
Insurance Underwriting Association, to change the zones in
which the credits are available.
</p>
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 3, 2014 | H | Assigned Act No. 2014-420. |
| April 3, 2014 | H | Signature Requested |
| April 3, 2014 | S | Enrolled |
| April 3, 2014 | S | Passed Second House |
| April 2, 2014 | H | Motion to Read a Third Time and Pass adopted Roll Call 1094 |
| April 2, 2014 | H | Third Reading Passed |
| March 13, 2014 | H | Read for the second time and placed on the calendar |
| March 6, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
| March 6, 2014 | S | Engrossed |
| March 5, 2014 | S | Motion to Read a Third Time and Pass adopted Roll Call 688 |
| March 5, 2014 | S | Hightower motion to Adopt adopted Roll Call 687 |
| March 5, 2014 | S | Hightower Amendment Offered |
| March 5, 2014 | S | Hightower motion to Adopt adopted Roll Call 686 |
| March 5, 2014 | S | Finance and Taxation Education first Substitute Offered |
| March 5, 2014 | S | Third Reading Passed |
| February 12, 2014 | S | Read for the second time and placed on the calendar with 1 substitute and |
| January 21, 2014 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB254 Alabama 2014 Session - Introduced |
| Bill Text | SB254 Alabama 2014 Session - Engrossed |
| Bill Text | SB254 Alabama 2014 Session - Enrolled |