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FL S0828
Bill
Status
Passed
4/9/2020
Primary Sponsor
Lizbeth Benacquisto
Click for details
AI Summary
- Removes the scheduled October 1, 2020 sunset date for the Florida ABLE program, making it permanent
- The Florida ABLE program allows tax-exempt savings accounts for individuals with disabilities to pay for qualified disability expenses
- Program is administered by Florida ABLE, Inc., a direct-support organization established by the Florida Prepaid College Board
- Designated beneficiaries must be Florida residents or residents of contracting states at the time an ABLE account is established
- Funds in ABLE accounts are exempt from creditor claims and cannot be pledged as collateral for loans
Legislative Description
Florida ABLE Program
Last Action
Chapter No. 2020-14
4/9/2020
Committee Referrals
Rules12/10/2019
Children, Families, and Elder Affairs11/21/2019
Full Bill Text
No bill text available