MS SB2607 | 2016 | Regular Session
Status
Completed Legislative Action
Sponsorship: Moderate Partisan Bill (Republican 4-1)
Status: Failed on March 22 2016 - 100% progression
Action: 2016-03-22 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Sponsorship: Moderate Partisan Bill (Republican 4-1)
Status: Failed on March 22 2016 - 100% progression
Action: 2016-03-22 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Create The Mississippi Achieving A Better Life Experience (able) Act; To Define Certain Terms And Phrases Relating To The Mississippi Able Program; To Establish And Prescribe The Powers Of The State Treasurer Relating To The Administration Of The Mississippi Able Program; To Prescribe Certain Terms Of Able Trust Agreements Entered Into Under The Program; To Establish The Able Trust Fund; To Exempt Property In The Trust Fund From Taxation And To Establish Deductions For Payments To Able Accounts; To Prescribe The Authority Of The State Treasurer To Invest Funds In The Trust Fund; To Require The State Treasurer To Provide Annual Accounting Statements; To Require The State Treasurer To Establish And Administer The Mississippi Able Program By July 1, 2017; To Specify The Requirements That Must Be Met Before Implementation Of The Program; To Require A Participation Agreement For The Program Which Contains Specified Provisions Authorizing Other Provisions That May Be Included In The Agreement; To Provide For The Amendment Of The Agreement Under Certain Circumstances; To Provide For The Use Of The Balance Of An Abandoned Able Account By The State Treasurer; To Provide That A Contract Or Participation Agreement Entered Into By The State Treasurer Or An Obligation Of The State Treasurer Does Not Constitute A Debt Or Obligation Of The State Of Mississippi; To Authorize The State Treasurer To Contract With Other States For Specified Purposes Under Certain Circumstances; To Provide For The Termination Of The Program Under Certain Circumstances And For The Disposition Of Certain Assets Upon Termination; To Prohibit The State From Limiting Or Altering The Specified Vested Rights Of Designated Beneficiaries Except Under Specified Circumstances; To Require The State Treasurer To Establish A Comprehensive Investment Plan For The Program; To Exempt Funds Paid Into The Program's Trust Fund From The Claims Of Specified Creditors; To Provide For Recovery By The Division Of Medicaid Of Certain Medical Assistance Provided To A Deceased Designated Beneficiary; To Provide For The Distribution Of The Balance Of A Deceased Designated Beneficiary's Able Account; To Require The State Treasurer To Assist And Cooperate With The Appropriate Agency For Health Care Administration And Division Of Medicaid Program In Other States By Providing Specified Information; To Amend Section 27-7-15, Mississippi Code Of 1972, To Exclude Payments To An Able Account From The Definition Of Gross Income For Income Tax Purposes; To Amend Sections 27-7-17 And 27-7-18, Mississippi Code Of 1972, In Conformity To The Provisions Of This Act; And For Related Purposes.
Title
Mississippi Achieving a Better Life Experience (ABLE) Act; create.
Sponsors
| Sen. Kevin Blackwell [R] | Sen. David Parker [R] | Sen. Chris Caughman [R] | Sen. Chris Massey [R] |
| Sen. Robert Jackson [D] |
Roll Calls
2016-03-03 - Senate - Senate Passed (Y: 50 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-03-22 | House | Died In Committee |
| 2016-03-14 | House | Referred To Public Health and Human Services;Revenue and Expenditure General Bills |
| 2016-03-04 | Senate | Transmitted To House |
| 2016-03-03 | Senate | Passed |
| 2016-03-03 | Senate | Committee Substitute Adopted |
| 2016-02-23 | Senate | Title Suff Do Pass Comm Sub |
| 2016-02-08 | Senate | Referred To Finance |
