Indiana ABLE Legislation S.B. 11

Indiana

ABLE savings accounts for persons with a disability.  This bill creates the “achieving a better life experience” (ABLE) authority (authority).  Establishes the ABLE board (board) of the authority.  Provides that the authority may establish a qualified ABLE program under which a person may make contributions for a table year for the benefit of an eligible individual with a disability to an ABLE account to meet the qualified disability expenses of the designated beneficiary in compliance with federal law.  Sets forth duties and powers of the authority and the board. Establishes a general operating fund, endowment fund, and trust fund.

State Policies & Initiatives: 
Legislation
Systems: 
  • Department of Intellectual and Developmental Disabilities
Topics: 
  • Asset Development / Financial Capability
Date Enacted: 
07/01/2016
CITATIONS: