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Committee advances bill letting catastrophic savings accounts pay for fortified roofs
Summary
A House committee voted to give House Bill 106 a favorable report after adopting two technical amendments. The bill would allow funds in homeowners— catastrophic savings accounts to be used for fortified roofs and sets the effective tax-year date.
A House committee voted to give House Bill 106 a favorable report on a voice vote after adopting two technical amendments, advancing the measure that would let homeowners use existing catastrophic savings accounts to pay for fortified roofs.
Representative Brown, the bill sponsor, told the committee the accounts were created in 2012 to let homeowners set aside money for deductibles after wind damage and are capped at $15,000. "All we're doing with this bill is we're allowing them to utilize…
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