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
<p class="bill_description"> Under existing law, taxpayers are allowed a
tax deduction for contributions made to a
catastrophe savings account</p><p class="bill_description">
This bill would create the Homeowner's
Insurance Catastrophic Event Planning Act</p><p class="bill_description">
This bill would make technical corrections
to remove ambiguities and increase the amount of
the tax deduction</p><p class="bill_entitled_an_act"> 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.
</p>
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 |