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HI SCR177
Concurrent Resolution
AI Summary
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Request the Department of Budget and Finance to collaborate with the State Council on Developmental Disabilities to promote the Hawaii ABLE Savings Program to eligible individuals.
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Approximately 23,000 individuals with developmental disabilities and an additional 20,000 individuals with other disabilities in Hawaii are currently eligible to open ABLE Savings Program accounts.
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ABLE Savings Program accounts allow individuals with disabilities to establish tax-free savings for college, health expenses, medical and dental care, education, employment training, assistive technology, housing, and transportation.
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The program was enacted through Act 206, Session Laws of Hawaii 2015, and is modeled after Internal Revenue Code section 529 college savings plans with tax-free interest earnings.
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Certified copies of the resolution shall be transmitted to the Director of Finance and the Chairperson of the Hawaii State Council on Developmental Disabilities.
Legislative Description
Requesting The Department Of Budget And Finance To Work With The State Council On Developmental Disabilities To Enhance The Able Savings Program By Promoting It To All Individuals Who May Qualify.
DOH
Last Action
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ganaden, Garcia, Hashem, Holt, Poepoe, Yamashita excused (7).
4/15/2024