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Mississippi Expands Tax-Free Catastrophe Savings Accounts to Encourage Disaster Preparedness Amid Climate Change Concerns.

The Mississippi Legislature changed its tax laws in 2015 to allow residents to open “catastrophe savings accounts” exempt from state income taxes. This move is part of a larger effort to encourage people to save money for natural disasters and thereby lower taxes. Mississippi isn’t the only state with these types of accounts, with Alabama and South Carolina also offering similar programs. A national coalition of state lawmakers is urging more states and Congress to pass similar legislation due to climate change.

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