HB515 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2015
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
To amend Sections 40-18-311 and 40-18-312, Code of Alabama 1975, relating to the state tax deduction granted to taxpayers for contributions made to a catastrophe savings account; to provide an increase in the state tax deduction awarded to taxpayers who made contributions to a catastrophe savings account; and to make technical corrections to remove ambiguities.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 21, 2015 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB515 Alabama 2015 Session - Introduced |