Establishes catastrophe savings accounts

This bill creates tax-free "catastrophe savings accounts" for homeowners in the state to save for hurricane, flood, or windstorm-related expenses. Homeowners can deduct contributions from taxable income, earn tax-free interest, and withdraw funds tax-free if used for qualified disaster costs (like insurance deductibles or self-insured losses). Contribution limits are set based on the homeowner's deductible (capped at $15,000 or twice the deductible, or $250,000 for self-insured owners). The accounts are protected from garnishment and cannot be used for non-disaster expenses without tax penalties. It directly affects primary residence owners in hurricane- or flood-prone areas who carry insurance deductibles or self-insured risks.