BILL NUMBER: SJR 18CHAPTERED BILL TEXT RESOLUTION CHAPTER 62 FILED WITH SECRETARY OF STATE JUNE 25, 2012 ADOPTED IN SENATE MAY 17, 2012 ADOPTED IN ASSEMBLY JUNE 21, 2012 INTRODUCED BY Senator Pavley (Coauthors: Senators Correa, De Len, and Leno) (Coauthors: Assembly Members Alejo, Ammiano, Blumenfield, Huffman, Ma, Monning, and Williams) FEBRUARY 23, 2012 Relative to persons with disabilities. LEGISLATIVE COUNSEL'S DIGEST SJR 18, Pavley. Individuals with disabilities: tax exempt accounts. This measure would urge the President and the Congress of the United States to immediately enact the Achieving a Better Life Experience Act of 2011. WHEREAS, Many families are searching for a way to plan for the future of a child with developmental disabilities, which are costly to society and to families; and WHEREAS, The Achieving a Better Life Experience Act of 2011 (ABLE Act), proposed in H.R. 3423 and S. 1872 and currently debated by Congress, would create disability savings accounts for individuals with developmental or other disabilities and their families, as a way to save for future needs with funds that could accrue interest tax free; and WHEREAS, The ABLE Act would give individuals with developmental or other disabilities and their families an option for saving for their future financial needs in a way that supports their unique situation and makes it more feasible to live full and productive lives in their communities; and WHEREAS, While many families are currently able to save for the educational needs of children through "529" college tuition plans, these plans do not fit the needs of children with developmental or other disabilities; and WHEREAS, Many families recognize that loved ones with developmental or other disabilities may live for many decades beyond the ability of the parents or other family members to provide financial assistance and support; and WHEREAS, Many families also want to ensure the financial security of family members who have the level of disability required for Medicaid eligibility, but for now, are managing to function without the use of those benefits and state resources; and WHEREAS, The ABLE Act would create a savings fund for those with developmental or other disabilities that could be drawn upon for a variety of essential expenses, including medical and dental care, education and employment training and support, assistive technology, housing and transportation, personal support services, and other expenses for life necessities; and WHEREAS, Savings accounts opened under the ABLE Act would provide substantial flexibility to meet the specific needs of the individual, with a broad array of allowable expenses and no age limitations so that these funds can be used whenever they are needed; and WHEREAS, The flexibility in expenses would also allow families to save with confidence even though they cannot always predict how independent their child will become; now, therefore, be it Resolved by the Senate and the Assembly of the State of California, jointly, That the Legislature urges the President and the Congress of the United States to immediately enact the Achieving a Better Life Experience Act of 2011 (ABLE Act); and be it further Resolved, That the Secretary of the Senate transmit copies of this resolution to the President and Vice President of the United States, to the President pro Tempore of the United States Senate, to the Speaker of the House of Representatives, to each Senator and Representative from California in the Congress of the United States, and to the author for appropriate distribution.