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DE HB145
Bill
Status
7/28/2017
Primary Sponsor
Charles Paradee
Click for details
AI Summary
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Renames § 9607A from "State and local means-tested programs" to "Treatment of accounts" to clarify the section's focus on ABLE account handling.
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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.
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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.
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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