CS/HM 1169 - Disaster Savings Accounts

• Urges Congress to pass legislation allowing individuals a tax deduction for contributions to disaster savings accounts used for disaster mitigation expenses.

• Cites Florida's status as the most expensive state for homeowners' insurance due to unique hurricane and flood risks.

• References H.R. 3989 (Disaster Savings Accounts Act of 2013) and S. 1991 (Disaster Savings Accounts Act of 2014) as proposed federal legislation to amend the Internal Revenue Code.

• Directs copies of the memorial be sent to the President, Senate President, House Speaker, and all members of the Florida Congressional delegation.