DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 234 Original 2015 Regular Session Foil
Abstract: Excludes qualified deposits in ABLE Accounts from "tax table income" for purposes of
calculating individual income tax.
Present law establishes the ABLE Account Program to assist individuals in saving private funds for
the purpose of supporting persons with disabilities.
Present law defines "tax table income" for resident individuals for purposes of calculating individual
income tax. Tax table income excludes certain grants, loans, and other expenses, deposits, and
deductions.
Proposed law retains present law but adds qualified amounts deposited into ABLE Accounts as
provided in present law from being included in tax table income.
Effective Jan. 1, 2016, and applicable to all tax years beginning on and after that date.
(Adds R.S. 47:293(9)(a)(xviii))