Homeowner Natural Disaster Mitigation
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects |
Concerning homeowner natural disaster mitigation.
Bill Summary:
The bill adds individuals and homeowners' associations as eligible recipients of assistance from the natural disaster mitigation enterprise fund. The bill also provides that natural disaster mitigation includes installation of "impact-resistant roofing materials" and other "property-specific mitigation action" and provides definitions of the same.
Additionally, the bill creates an income tax deduction for contributions to a catastrophe savings account (CSA), which is a savings account that a homeowner may use to cover the amount of insurance deductibles for claims stemming from hail, wildfire, or a catastrophic wind event, uninsured losses related to the same, and property-specific mitigation actions. The bill also exempts interest earned by CSAs from income tax.
(Note: This summary applies to this bill as introduced.)
Committees
If you require reasonable accessibility accommodation to access this content, please email accessibility@coleg.gov.
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 03/02/2026 | Initial Fiscal Note |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.004 (Attachment D) | The motion passed without objection. | Vote summary |
| Adopt amendment L.005 (Attachment E) | The motion passed without objection. | Vote summary |
| Refer Senate Bill 26-049, as amended, to the Committee on Appropriations. | The motion passed on a vote of 7-2. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 04/14/2026 | Senate | Senate Committee on Finance Refer Amended to Appropriations |
| 01/27/2026 | Senate | Introduced In Senate - Assigned to Finance |