2025-2026 Regular SessionGeorgia Legislature

HB511: Insurance; deductions from taxable income for contributions by taxpayers to catastrophe savings accounts and interest earned on such accounts; provide

Legislative Summary

A BILL to be entitled an Act to amend Chapter 32 of Title 33 and Code Section 48-7-27 of the Official Code of Georgia Annotated, relating to property insurance and computation of taxable net income, respectively, so as to provide for deductions from taxable income for contributions by taxpayers to catastrophe savings accounts and interest earned on such accounts; to establish limits for contributions to such accounts; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/19/2025
House Hopper
House of Representatives
2/20/2025
House First Readers
House of Representatives
2/21/2025
House Second Readers
House of Representatives
3/6/2025
House Committee Favorably Reported By Substitute
House of Representatives
3/6/2025
House Third Readers
House of Representatives
3/6/2025
House Passed/Adopted By Substitute
House of Representatives
3/10/2025
Senate Read and Referred
Senate
3/13/2025
Senate Committee Favorably Reported
Senate
3/18/2025
Senate Read Second Time
Senate
3/31/2025
Senate Engrossed
Senate
3/31/2025
Senate Tabled
Senate
3/31/2025
Senate Taken from Table
Senate
3/31/2025
Senate Third Read
Senate
3/31/2025
Senate Passed/Adopted
Senate
4/7/2025
House Sent to Governor
House of Representatives

Roll Call Votes

Motion To Engross: Hb 144, Hb 153, Hb 511: Senate Vote #340
3/31/2025
30
Yea
20
Nay
5
Not Voting
1
Absent
Result: PASSED
Passage: Senate Vote #367
3/31/2025
54
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED
Passage: House Vote #234
3/6/2025
177
Yea
0
Nay
1
Not Voting
2
Absent
Result: PASSED

Status Information

Current Status
Enrolled(4/7/2025)
Chamber
House of Representatives

Documents

Enrolled
Bill Text4/1/202580.9 KB
Comm Sub
Bill Text3/6/202580.5 KB
Comm Sub
Bill Text3/5/202578.5 KB
Introduced
Bill Text2/20/202578.7 KB
Fiscal Note
Fiscal Note4/3/202556.5 KB