Alabama SB 226
"The Achieving a Better Life Experience (ABLE) Act of 2014 established Section 529A of the Internal Revenue Code of 1986, as amended, to allow families and individuals to save for disability-related expenses of a disabled individual in a federal tax-advantaged account...This bill would include ABLE in the legislative intent...to provide for the ABLE Program; provide for definitions relating to the ABLE Program; would provide for the income tax exemption eligible to the ABLE Program; and provide appropriations for Fiscal Year 2015 for development and implementation of the ABLE Program."
"The Legislature of Alabama intends to establish a qualified ABLE Program in this state which will encourage and assist Alabama individuals and families in saving private funds for the purpose of supporting Alabama citizens with disabilities."
- Asset Development / Financial Capability
- State Treasurer