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CA SJR18

Joint Resolution

Status

Passed

6/25/2012

Primary Sponsor

Tom Ammiano

Click for details

Origin

Senate

2011-2012 Session

AI Summary

  • Urges the President and Congress of the United States to immediately enact the Achieving a Better Life Experience Act of 2011 (ABLE Act)

  • Supports creation of disability savings accounts for individuals with developmental or other disabilities to save for future needs with tax-free interest accrual

  • Addresses the need for families to plan long-term financial security for family members with disabilities, covering expenses such as medical and dental care, education, assistive technology, housing, and transportation

  • Distinguishes ABLE Act accounts from existing "529" college tuition plans by providing broader flexibility with no age limitations and a wider array of allowable expenses for those with disabilities

  • Directs the California Legislature to transmit copies of the resolution to the President, Vice President, Congress members, and U.S. Senators and Representatives from California

Legislative Description

Individuals with disabilities: tax exempt accounts.

Last Action

Chaptered by Secretary of State. Res. Chapter 62, Statutes of 2012.

6/25/2012

Committee Referrals

Revenue and Taxation5/25/2012
Governance and Finance3/22/2012
Rules2/23/2012

Full Bill Text

No bill text available