Loading chat...

DE HB145

Bill

Status

Passed

7/28/2017

Primary Sponsor

Charles Paradee

Click for details

Origin

House of Representatives

149th General Assembly

AI Summary

  • Renames § 9607A from "State and local means-tested programs" to "Treatment of accounts" to clarify the section's focus on ABLE account handling.

  • Confirms that ABLE accounts (Achieving a Better Life Experience savings accounts) are excluded from asset calculations when determining eligibility for state or local assistance programs.

  • Permits proceeds from a deceased designated beneficiary's ABLE account to be transferred to their estate or to another eligible individual's account as specified by the beneficiary or their estate, unless prohibited by federal law.

  • Prohibits state agencies and instrumentalities from seeking repayment (clawback) from ABLE accounts under Internal Revenue Code § 529A(f) for benefits previously provided to the deceased designated beneficiary.

Legislative Description

An Act To Amend Title 16 Of The Delaware Code Relating To Achieving A Better Life Experience Savings Accounts.

Last Action

Signed by Governor

7/28/2017

Committee Referrals

Health & Human Development4/25/2017

Full Bill Text

No bill text available