Establishes catastrophe savings accounts

This bill creates tax-free "catastrophe savings accounts" for homeowners in the state to save for disaster-related costs. It allows taxpayers to deduct contributions (up to specific limits based on their insurance deductible or self-insured amount), earn tax-free interest, and withdraw funds tax-free if used for qualified expenses like hurricane or flood damage repairs. Contributions are capped at $2,000 for low deductibles, up to twice the deductible (max $15,000), or $250,000 for self-insured homeowners. The accounts are protected from legal claims and must be used solely for primary residence disaster costs tied to a state-declared emergency.