Louisiana Senate Advances Tax Credit for Fortified Roof Installations

The Louisiana Senate Revenue and Fiscal Affairs Committee approved a bill offering homeowners an individual income tax credit of up to $10,000 for voluntarily installing fortified roofs. The legislation, authored by Senator Kirk Talbot, aims to reduce storm damage and lower insurance claims by promoting more resilient roofing. Data from the Louisiana Legislative Auditor indicates that homeowners with fortified roofs experienced an average 22% decrease in insurance premiums, highlighting potential long-term savings and risk mitigation for both policyholders and insurers. The bill will now proceed to the Senate Finance Committee due to its potential impact on state revenue.