Did not become law. It stopped in the Senate's Finance Committee on February 25, 2015. The 2015 session has ended.
2015 Regular Session
Senate Bill 2825
Income taxation; allow deduction for contributions 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 CERTAIN 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
Its course
February 9 to February 25, 2015, 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 SenateFeb 9 to Feb 25 · stopped16 days
FinanceFeb 9 to Feb 25 · stopped16 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.