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2016 SESSION
HB 1103 ABLE savings trust accounts; exclusion from determination of state means-tested assistance, etc.
Introduced by: Eileen Filler-Corn | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
ABLE savings trust accounts; exclusion from determination of state means-tested assistance and benefits. Provides that, notwithstanding any other provision of state law that requires consideration of one or more financial circumstances of an individual for the purpose of determining (i) the individual's eligibility to receive any assistance or benefit pursuant to such provision of state law or (ii) the amount of any such assistance or benefit that such individual is eligible to receive pursuant to such provision of state law, any (a) moneys in an ABLE savings trust account for which such individual is the beneficiary, including any interest on such moneys, (b) contributions to an ABLE savings trust account for which such individual is the beneficiary, and (c) distribution for qualified disability expenses for such individual from an ABLE savings trust account for which such individual is the beneficiary shall be disregarded for such purpose with respect to any period during which such individual remains the beneficiary of, makes contributions to, or receives distributions for qualified disability expenses from such ABLE savings trust account.
FULL TEXT
- 01/13/16 House: Prefiled and ordered printed; offered 01/13/16 16101737D pdf | impact statement
- 03/08/16 House: Bill text as passed House and Senate (HB1103ER) pdf | impact statement
- 04/01/16 Governor: Acts of Assembly Chapter text (CHAP0639) pdf
HISTORY
- 01/13/16 House: Prefiled and ordered printed; offered 01/13/16 16101737D
- 01/13/16 House: Referred to Committee on Education
- 01/19/16 House: Assigned Education sub: Higher Education
- 02/02/16 House: Subcommittee recommends reporting (9-Y 0-N)
- 02/10/16 House: Reported from Education (21-Y 1-N)
- 02/11/16 House: Read first time
- 02/12/16 House: Read second time and engrossed
- 02/15/16 House: Read third time and passed House (93-Y 6-N)
- 02/15/16 House: VOTE: PASSAGE (93-Y 6-N)
- 02/16/16 Senate: Constitutional reading dispensed
- 02/16/16 Senate: Referred to Committee on Education and Health
- 03/03/16 Senate: Reported from Education and Health (13-Y 2-N)
- 03/04/16 Senate: Constitutional reading dispensed (38-Y 0-N)
- 03/04/16 Senate: Read third time
- 03/04/16 Senate: Passed Senate (36-Y 3-N)
- 03/08/16 House: Enrolled
- 03/08/16 House: Bill text as passed House and Senate (HB1103ER)
- 03/08/16 House: Signed by Speaker
- 03/10/16 Senate: Signed by President
- 03/11/16 House: Enrolled Bill communicated to Governor on 3/11/16
- 03/11/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 04/01/16 Governor: Approved by Governor-Chapter 639 (effective 7/1/16)
- 04/01/16 Governor: Acts of Assembly Chapter text (CHAP0639)