AK SB104

Establishes the Alaska Savings Program for Eligible Individuals (ABLE program) administered by the Department of Revenue to allow individuals with disabilities to open tax-advantaged savings accounts for qualified disability expenses.

Creates a property exemption protecting money in or paid from program accounts from creditor claims during the account owner's lifetime and exempts program accounts from being used as loan security.

Exempts program contracts from the State Procurement Code and exempts participant information from public records disclosure requirements to protect beneficiary privacy.

Allows states to file claims against deceased beneficiaries' program accounts to recover Medicaid payments made after the account was established, subject to federal Internal Revenue Code requirements.

Modifies permanent fund dividend trust distribution rules for children in state custody, allowing distributions when the child reaches age 21, exits state custody and reaches age 18 or is emancipated, or by court order in the child's best interest.