Bills · 2019-2020 Regular Session
Relating to: income tax deduction for flood insurance premiums. (FE)
Income tax — Deduction Insurance — Miscellaneous Legislature — Tax exemptions joint survey committee on
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill allows an individual, when computing state income tax liability, to
deduct the premiums paid for flood insurance coverage on his or her owner-occupied
primary residence. The insurance must be purchased under the National Flood
Insurance Program or as private flood insurance that meets the qualifications under
that program.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the bill.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Mar 19, 2020 · Senate
Introduced by Senators Erpenbach, Schachtner, Smith, Bewley, Risser, L. Taylor and Larson; cosponsored by Representatives Considine, Pronschinske, B. Meyers, Spreitzer, Milroy, Sinicki, Sargent, Hebl, Gruszynski, Billings, Ohnstad, Emerson, Shankland, Doyle, Stubbs and Subeck
- Mar 19, 2020 · Senate
Read first time and referred to Committee on Agriculture, Revenue and Financial Institutions
- Apr 1, 2020 · Senate
Failed to pass pursuant to Senate Joint Resolution 1
- Apr 14, 2020 · Senate
Fiscal estimate received