General Assembly Proposed Bill No. 581
January Session, 2015 LCO No. 1783
*01783*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. HWANG, 28th Dist.
General Assembly
Proposed Bill No. 581
January Session, 2015
LCO No. 1783
*01783*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. HWANG, 28th Dist.
AN ACT CONCERNING TAX-FREE ACCOUNTS TO PROVIDE FOR DISABILITY-RELATED EXPENSES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to allow individuals to establish and contribute to tax-free savings accounts pursuant to a program that meets the requirements of the federal Achieving a Better Life Experience (ABLE) Act for the purpose of paying for disability-related expenses.
Statement of Purpose:
To allow individuals to establish tax-free accounts for disability-related expenses pursuant to the federal Achieving a Better Life Experience (ABLE) Act.