Delaware House Bill 296 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 16 2018 - 25% progression, died in committee
Action: 2018-01-16 - Introduced and Assigned to Revenue & Finance Committee in House
Pending: House Revenue & Finance Committee
Text: Latest bill text (Draft #1) [HTML]

This bill creates a tax deduction of up to $2,500 for an individual or $5,000 for a married couple for contributions to a qualified 529A savings account, or "ABLE" plan - a special account for meeting the needs of certain individuals with disabilities. The deduction may only be claimed by a taxpayer who makes less than $125,000 or a married couple who makes less than $250,000. It is applicable only to ABLE plans sponsored by the State of Delaware or offered by a consortium of states of which Delaware is a member.

An Act To Amend Title 30 Of The Delaware Code Relating To Able Savings Accounts.

Sen. Charles Paradee [D]	Sen. Nicole Poore [D]	Sen. Margaret Henry [D]	Sen. Bryant Richardson [R]
Rep. Kevin Hensley [R]	Rep. Helene Keeley [D]	Rep. John Mitchell [D]	Rep. Melanie Smith [D]
Rep. Jeffrey Spiegelman [R]	Sen. David Wilson [R]

Date	Chamber	Action
2018-01-16		Introduced and Assigned to Revenue & Finance Committee in House

Type	Source
Summary	http://legis.delaware.gov/BillDetail?LegislationId=26251
Text	http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=26251&legislationTypeId=1&docTypeId=2&legislationName=HB296