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Senate approves tax credit for low‑income homeowners' insurance premiums over dissent
3297161 · May 13, 2025
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Summary
SB235 creates an income‑based tax credit to help low‑income homeowners with policy premiums; the Senate adopted a $10 million annual cap and a 10‑year sunset, passing 21‑17 after heated floor debate.
The Senate on May 13 passed Senate Bill 235 to create an income‑targeted income tax credit to offset homeowners insurance premiums for low‑income households, but the measure drew divided votes.
Sponsor Senator DuPlessis described the measure as relief for residents struggling with high homeowner insurance costs. "It would allow for a tax credit up to $2,000 for individuals who are…
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