The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Senate Legislative Services. The keyword,
summary, 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)]
DIGEST
SB 118 Original 2025 Regular Session Foil
Present law (R.S. 47:3081 et seq.) creates the Achieving a Better Life Experience in Louisiana
Account Program (ABLE), a savings program that encourages and assists individuals and families
in saving private funds for the purpose of supporting persons with disabilities in endeavors to
maintain health, independence, and quality of life.
Proposed law retains present law.
Present law authorizes an exemption for amounts deposited into an ABLE account from the owner's
state taxable income if enacted by the legislature.
Proposed law repeals present law and exempts annual deposits from ABLE account owner's state
income tax annual deposits up to $2,400 for single filers and $4,800 for joint filers, per account. If
less than the maximum annual deposits are deposited in any year, the difference between the total
deposit and $2,400 for single filers or $4,800 for joint filers shall roll over to subsequent years and
shall be exempt from inclusion in the account owner's state taxable income.
Applicable for tax periods beginning on or after January 1, 2026.
Effective August 1, 2025.
(Amends R.S. 17:3088; adds R.S. 47:293(9)(a)(xxvii))