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AR HB1063
Bill
Status
Passed
4/17/2025
Primary Sponsor
Julie Mayberry
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AI Summary
- Raises the disability onset age threshold for ABLE program eligibility from 26 to 46 years of age
- Amends the definition of "disability certification" to require that blindness or disability occurred before the individual turned 46 (previously 26)
- Amends the definition of "eligible individual" to include those whose blindness or disability was a preexisting condition before age 46 (previously 26)
- Expands eligibility for tax-advantaged ABLE savings accounts to individuals who became disabled later in life
- Effective date: January 1, 2026
Legislative Description
To Amend The Achieving A Better Life Experience Program Act; And To Amend The Definitions Of "disability Certification" And "eligible Individual" To Change Disability Onset Age From Twenty-six To Forty-six.
Last Action
Notification that HB1063 is now Act 875
4/17/2025
Committee Referrals
Revenue & Taxation4/8/2025
Revenue and Taxation1/13/2025
Full Bill Text
No bill text available