Did not become law. It stopped in the Senate's Finance Committee on February 24, 2010. The 2010 session has ended.
2010 Regular Session
Senate Bill 2811
Income taxation; allow a deduction for amounts contributed to accounts established to pay for uninsured wind damage to homesteads.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AUTHORIZE OWNERS OF HOMESTEADS TO ESTABLISH CATASTROPHE SAVINGS ACCOUNTS AND TO UTILIZE MONEY IN SUCH ACCOUNTS TO PROVIDE REIMBURSEMENT FOR DEDUCTIBLE AMOUNTS AND OTHER UNINSURED PORTIONS OF DAMAGE TO HOMESTEADS FROM WINDSTORM EVENTS; TO AUTHORIZE AN INCOME TAX DEDUCTION FOR AMOUNTS CONTRIBUTED TO CATASTROPHE SAVINGS ACCOUNTS; TO EXCLUDE INTEREST ON SUCH ACCOUNTS FROM GROSS INCOME FOR INCOME TAX PURPOSES; TO PROVIDE LIMITS ON THE AMOUNT THAT MAY BE CONTRIBUTED TO CATASTROPHE SAVINGS ACCOUNTS; TO PROVIDE THAT A DISTRIBUTION FROM A CATASTROPHE SAVINGS ACCOUNT MUST BE INCLUDED IN THE INCOME OF THE TAXPAYER UNLESS THE DISTRIBUTION IS USED TO COVER QUALIFIED CATASTROPHE EXPENSES; TO PROVIDE THAT THE INCOME TAX SHALL BE INCREASED ON TAXABLE DISTRIBUTIONS FROM A CATASTROPHE SAVINGS ACCOUNT; TO AMEND SECTIONS 27-7-15 AND 27-7-17, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
4 co-sponsors
Its course
January 18 to February 24, 2010, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateJan 18 to Feb 24 · stopped37 days
FinanceJan 18 to Feb 24 · stopped37 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.