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TN HB0496

Bill

Official Source

Status

Passed

5/8/2025

Primary Sponsor

Jay Reedy

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Amends Tennessee's Achieving a Better Life Experience (ABLE) Act to align definitions of "disability certification" and "eligible individual" with the federal code
  • Designates the eligible individual as both the account owner and designated beneficiary on ABLE accounts
  • Restricts contributions from a student's individualized education account (IEA) to an ABLE account to be used only for the student's education expenses
  • Definition changes take effect January 1, 2026, with rulemaking authority effective immediately upon becoming law
  • Passed April 14, 2025 and signed by Governor Bill Lee on May 2, 2025

Legislative Description

AN ACT to amend Tennessee Code Annotated, Section 71-4-803 and Section 71-4-806, relative to the Achieving a Better Life Experience Act.

Treasurer, State

Last Action

Effective date(s) 05/02/2025, 01/01/2026

5/8/2025

Committee Referrals

Calendar and Rules4/8/2025
Finance, Ways & Means4/2/2025
Finance, Ways & Means Subcommittee2/26/2025
Finance, Ways & Means2/25/2025
Health2/19/2025
Health Subcommittee2/12/2025
Health2/5/2025

Full Bill Text

No bill text available