DE HB60 | 2015-2016 | 148th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on June 10 2015 - 100% progression
Action: 2015-06-10 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on June 10 2015 - 100% progression
Action: 2015-06-10 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Summary
This bill creates an Achieving a Better Life Experience (“ABLE”) Program in Delaware, to implement federal legislation enabling the creation of savings accounts with tax advantages similar to 529 accounts, designed to be used by persons with disabilities to save for qualifying disability and education related expenses. The ABLE Program will be overseen by a Board composed of 7 members: a chair appointed by the Governor, the State Treasurer, the Secretary of the Department of Health and Social Services, a current member of the Board which oversees Delaware’s 529 plans, a public member appointed by the Speaker of the House of Representatives, a public member appointed by the President Pro Tempore of the Senate, and a person with a disability appointed by the Governor. The Office of the State Treasurer shall provide support to the Board in carrying out its functions. The Board is empowered to take actions necessary to run the Program in compliance with federal law and regulations, including contracting with financial service providers and other consultants to implement the plan. Any contributions to these plans will not be counted against a designated beneficiary in determining that individual’s income eligibility for state or local means-tested programs. Section 2 of the bill exempts ABLE accounts from execution or attachment pursuant to court judgments in the same manner and to the same extent as 529 education accounts are protected.
Title
An Act To Amend Titles 10 And 16 Of The Delaware Code Relating To Savings Accounts To Support Individuals With Disabilities.
Sponsors
Roll Calls
2015-05-12 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-06-10 | House | Signed by Governor |
| 2015-05-12 | Senate | Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT |
| 2015-05-07 | Senate | Reported Out of Committee (HEALTH & SOCIAL SERVICES) in Senate with 5 On Its Merits |
| 2015-04-01 | Senate | Assigned to Health & Social Services Committee in Senate |
| 2015-03-31 | House | Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT |
| 2015-03-31 | House | Amendment HA 1 - Passed in House by Voice Vote |
| 2015-03-31 | House | Amendment HA 1 - Introduced in House |
| 2015-03-25 | House | Reported Out of Committee (HEALTH & HUMAN DEVELOPMENT) in House with 1 Favorable, 8 On Its Merits |
| 2015-03-19 | House | Introduced and Assigned to Health & Human Development Committee in House |
