Revenue and taxation; creating the Inhofe Disaster Savings Account Act; income tax; effective date.

The entire bill text was replaced with a committee substitute version, changing document formatting and structure while preserving the original legislative content.

Removed original bill metadata including sponsor names, committee markup annotations, and page numbering from the engrossed version.

Capitalization was standardized in key terms, changing 'disaster savings account' to 'Disaster Savings Account' and 'qualified deductible' to 'Qualified deductible' for consistency throughout the act.

Changed 'legal residence' to 'primary residence' in multiple definitions to ensure consistent terminology throughout the bill.

Changed 'Disaster Savings Account' to 'disaster savings account' to use lowercase for consistency with other terms in the bill.

Updated bill header from 'AS INTRODUCED' to 'ENGROSSED HOUSE' and corrected page numbering and formatting throughout the document.

Removed redundant text and formatting artifacts from the original introduction version to create a clean engrossed version ready for final passage.

Page numbering and formatting were updated from the proposed subcommittee version to the final House Committee Substitute format, including renumbering sections and adjusting header information.

Removed the 'Proposed Committee Substitute' header and associated metadata including the original amendment submission details and reading clerk signature lines.

Added standard House Committee Substitute formatting with proper page numbering (1-5) and section headers conforming to final legislative document standards.

The definition of 'Qualified deductible' was moved from position 3 to position 9, and the definition of 'Qualified disaster expenses' was moved from position 3 to position 4, reordering the terminology for clarity.

Contribution limits were restructured to first address individuals with deductibles under $1,000, then those with higher deductibles, and finally self-insured individuals, clarifying the tiered approach.

Added explicit language requiring self-insured individuals who choose not to obtain insurance to contribute up to $350,000, but not exceeding the value of their primary residence.

Request numbers were updated from 12844 to 12685, indicating this is a revised version of the bill.

The bill header was changed from 'PROPOSED COMMITTEE SUBSTITUTE' to 'PROPOSED SUBCOMMITTEE SUBSTITUTE' with an updated date from March 3, 2025 to February 17, 2025.