SB227 Alabama 2012 Session
Signed by Governor
Bill Summary
Sponsors
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
Establishing a catastrophe savings account to provide reimbursement for deductible amounts and other uninsured portions of risks of loss to owners of residential property from a windstorm event and allowing a tax deduction for deposits made into the account.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Forwarded to Governor on May 9, 2012 at 11:23 a.m. on May 9, 2012 | |
| May 9, 2012 | Assigned Act No. 2012-413. | |
| May 9, 2012 | Enrolled | |
| May 9, 2012 | Signature Requested | |
| May 9, 2012 | Concurred in Second House Amendment | |
| May 8, 2012 | Brooks motion to Concur In and Adopt adopted Roll Call 1205 | |
| May 8, 2012 | Concurrence Requested | |
| May 8, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 1316 | |
| May 8, 2012 | Motion to Adopt adopted Roll Call 1315 | |
| May 8, 2012 | Ways and Means Education Amendment Offered | |
| May 8, 2012 | Third Reading Passed | |
| May 2, 2012 | Read for the second time and placed on the calendar 1 amendment | |
| April 24, 2012 | Read for the first time and referred to the House of Representatives committee on Ways and Means Education | |
| April 24, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 734 | |
| April 24, 2012 | Third Reading Passed | |
| February 16, 2012 | Read for the second time and placed on the calendar | |
| February 7, 2012 | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB227 Alabama 2012 Session - Enrolled |
| Bill Text | SB227 Alabama 2012 Session - Introduced |