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VT H0554

Bill

Official Source

Status

Introduced

1/6/2026

Primary Sponsor

Rey Garofano

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Origin

House of Representatives

2025-2026 Session

AI Summary

  • Eliminates the $9,000 asset limit for determining initial and continuing eligibility for Vermont's Reach Up program (Temporary Assistance for Needy Families)
  • Repeals existing provisions that excluded retirement accounts (IRAs, 401(k)s) and qualified child education savings accounts (529 plans) from asset calculations, as these exemptions become unnecessary without an asset limit
  • Retains the exclusion of assets accumulated from earnings of participating family members and from federal or Vermont earned income tax credits for continuing eligibility purposes
  • Takes effect on July 1, 2026

Legislative Description

An act relating to removing the Reach Up asset limit

Last Action

Read first time and referred to the Committee on Human Services

1/6/2026

Committee Referrals

Human Services1/6/2026

Full Bill Text

No bill text available