Bill Title: Amends the State Treasurer Act. Provides that unless prohibited by federal law, upon the death of a designated beneficiary, proceeds from an ABLE account may be transferred to the estate of a designated beneficiary, or to an account for another eligible individual specified by the designated beneficiary or the estate of the designated beneficiary. Provides that an agency or instrumentality of the State may not seek payment under specified provisions of the federal Internal Revenue Code from the account or its proceeds for benefits provided to a designated beneficiary. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2018-08-03 - Public Act . . . . . . . . . 100-0713 [SB2660 Detail]

Text: Latest bill text (Chaptered) [HTML]

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