Loading chat...
HI SCR102
Concurrent Resolution
Status
3/8/2024
Primary Sponsor
Mike Gabbard
Click for details
AI Summary
-
Requests the Insurance Commissioner to consult with the Department of Taxation on establishing a Wind Resistance Retrofit Tax Credit Program for property owners who install wind-resistant devices approved by the Insurance Commissioner
-
Aims to reduce property damage from hurricanes, tropical storms, and strong winds by incentivizing residential retrofitting through tax credits
-
Directs the Insurance Commissioner to submit a report with findings, recommendations, and any proposed legislation to the Legislature no later than twenty days before the 2025 Regular Session convenes
-
Intends to stimulate economic growth through business and employment opportunities in the installation and sale of wind-resistant devices while protecting resident health, safety, and property
Legislative Description
Requesting The Insurance Commissioner To Consult With The Department Of Taxation Regarding The Establishment Of A Wind Resistance Retrofit Tax Credit Program.
Income Tax Credit
Last Action
The committee on CPN deferred the measure.
3/22/2024