Senate Bill sb2216
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2007 (NP) SM 2216
By Senator Posey
24-75-07
1 Senate Memorial
2 A memorial to the Congress of the United States
3 requesting that it provide a tax exemption for
4 moneys placed into escrow to meet a deductible
5 requirement of an insurance policy against
6 which a claim was made due to a natural
7 disaster.
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9 WHEREAS, in 2004 and 2005, Florida was directly
10 affected by eight named hurricanes, and
11 WHEREAS, the value of property damaged as a result of
12 these hurricanes reached record levels, with property owners
13 suffering catastrophic losses, and
14 WHEREAS, the Gulf coastal region, of which this state
15 is a part, has proven susceptible to the threats from
16 hurricanes and tropical storms, which can be expected to cause
17 further damage in the future as coastal areas experience
18 continued development, and
19 WHEREAS, the Legislature recognizes that property
20 owners throughout the region need additional economic relief,
21 NOW, THEREFORE,
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23 Be It Resolved by the Legislature of the State of Florida:
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25 That the Congress of the United States is requested to
26 enact legislation that exempts from taxation moneys placed
27 into escrow for the purpose of meeting a deductible
28 requirement of an insurance policy against which a claim has
29 been made as the result of the insured's loss due to a natural
30 disaster.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2007 (NP) SM 2216
24-75-07
1 BE IT FURTHER RESOLVED that copies of this memorial be
2 dispatched to the President of the United States, to the
3 President of the United States Senate, to the Speaker of the
4 United States House of Representatives, and to each member of
5 the Florida delegation to the United States Congress.
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CODING: Words stricken are deletions; words underlined are additions.