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OH SB128

Bill

Status

Introduced

2/26/2025

Primary Sponsor

Andrew Brenner

Click for details

Origin

Senate

136th General Assembly

AI Summary

  • Requires the Ohio Treasurer of State to pay account fees associated with ABLE accounts on behalf of Ohio account owners or beneficiaries with disabilities

  • Exempts ABLE account funds from Medicaid estate recovery claims under state law, unless federal law requires otherwise, removing previous language that tied this protection to federal IRC Section 529A limitations

  • Appropriates $900,000 per fiscal year for FY 2026 and FY 2027 to the STABLE Maintenance Fee Subsidy fund to subsidize monthly fees for ABLE account holders with disabilities

  • Designates all ABLE account information obtained by the Treasurer of State as confidential and exempt from public records disclosure under Ohio law

Legislative Description

Regards Ohio ABLE accounts

Finance and Appropriations

Last Action

Referred to committee: Finance

3/5/2025

Committee Referrals

Finance3/5/2025

Full Bill Text

No bill text available