CONGRESS: Memorializes the United States Congress to take such actions as are necessary to pass legislation allowing taxpayers to establish tax-advantaged catastrophe savings accounts for disaster-related expenses

This Louisiana state resolution asks the U.S. Congress to create a federal tax-advantaged savings account program for disaster-related expenses. The proposed federal legislation would allow individuals to open special accounts where contributions are tax-deductible, with funds that can be withdrawn tax-free only to pay for qualified costs like insurance deductibles and uninsured losses from floods, hurricanes, or windstorms. Similar programs already exist in Alabama, Georgia, Mississippi, and South Carolina, where taxpayers are limited to one account per person. If the federal government adopts this idea, it would function similarly to existing health savings accounts but specifically for weather-related emergencies.