Topeka, KS- Governor Sam Brownback has signed HB 2216, legislation that contains the Achieving a Better Life Experience (ABLE) Act to allow families the opportunity to set up tax-exempt 529A savings accounts for disability-related expenses.
ABLE programs are managed on the state level and require state implementation. Enactment of the Stephen Beck, Jr., ABLE Act of 2014 last December has spurred legislative activity across the country. The federal ABLE Act amended federal law to disregard ABLE account funds for means-tested federal programs such as SSI and Medicaid, which cap (usually at $2,000) the amount an individual with a disability may save.
“We are thrilled that Governor Brownback has enacted the ABLE program so that Kansas families will have the opportunity to invest in the futures of loved ones with disabilities,” said Stuart Spielman, Senior Policy Advisor and Counsel at Autism Speaks.
Kansas joins a quickly expanding list of states to enact ABLE legislation which includes Louisiana, Maryland, Massachusetts, North Dakota, Utah, Virginia and West Virginia. ABLE legislation is pending in Alabama, Alaska, California, Connecticut, Delaware, Florida, Hawaii, Illinois, Iowa, Kentucky, Louisiana (to amend existing law), Maryland, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont and Washington.
Stay up to date on all advocacy efforts in your state by signing up for Autism Votes HERE.