Qualified ABLE Program: CalABLE accounts: funding.
- Expands the California ABLE Program to accept funding from philanthropic organizations and legislative sources.
- Enables taxpayers to deposit tax refunds directly into ABLE accounts for disability-related expenses.
- Authorizes the ABLE Board to target specific eligible groups and raise program awareness.
- Requires tax forms to include information about ABLE account deposit options.
Assembly Member Addis proposes expanding California's Qualified ABLE Program by authorizing the California ABLE Act Board to accept philanthropic funding and target specific eligible populations. The legislation would enable the board to use these additional resources for raising program awareness and encouraging eligible individuals to establish or maximize use of ABLE accounts, which help people with disabilities save for qualified expenses while maintaining public benefits.
The bill adds the California ABLE Program Trust as an option for direct deposit of state tax refunds, requiring the Franchise Tax Board to include this information in tax return instructions alongside the existing Golden State Scholarshare College Savings Trust option. Both the California ABLE Act Board and Scholarshare Investment Board must provide concise program descriptions to the tax board for inclusion in these materials.
Under the amended authority, the California ABLE Act Board may accept grants, gifts, and appropriations from philanthropic entities while maintaining its existing power to receive funds from federal, state, and local government sources. The board can focus outreach efforts on particular groups of eligible individuals, provided these efforts align with the program's legislative intent and other applicable laws. The legislation maintains the board's core responsibilities, including contract administration, investment management, and oversight of the program trust as an instrumentality of the state.
 Monique LimonD Senator | Committee Member |  Not Contacted | |
 Josh BeckerD Senator | Committee Member | Not Contacted | |
 Rosilicie Ochoa BoghR Senator | Committee Member | Not Contacted | |
 Dawn AddisD Assemblymember | Bill Author | Not Contacted | |
 Jesse ArreguinD Senator | Committee Member | Not Contacted |
Email the authors or create an email template to send to all relevant legislators.
Introduced By
Latest Voting History
| Ayes | Noes | NVR | Total | Result |
|---|---|---|---|---|
| 79 | 0 | 0 | 79 | PASS |
- Expands the California ABLE Program to accept funding from philanthropic organizations and legislative sources.
- Enables taxpayers to deposit tax refunds directly into ABLE accounts for disability-related expenses.
- Authorizes the ABLE Board to target specific eligible groups and raise program awareness.
- Requires tax forms to include information about ABLE account deposit options.
Email the authors or create an email template to send to all relevant legislators.
Introduced By
Assembly Member Addis proposes expanding California's Qualified ABLE Program by authorizing the California ABLE Act Board to accept philanthropic funding and target specific eligible populations. The legislation would enable the board to use these additional resources for raising program awareness and encouraging eligible individuals to establish or maximize use of ABLE accounts, which help people with disabilities save for qualified expenses while maintaining public benefits.
The bill adds the California ABLE Program Trust as an option for direct deposit of state tax refunds, requiring the Franchise Tax Board to include this information in tax return instructions alongside the existing Golden State Scholarshare College Savings Trust option. Both the California ABLE Act Board and Scholarshare Investment Board must provide concise program descriptions to the tax board for inclusion in these materials.
Under the amended authority, the California ABLE Act Board may accept grants, gifts, and appropriations from philanthropic entities while maintaining its existing power to receive funds from federal, state, and local government sources. The board can focus outreach efforts on particular groups of eligible individuals, provided these efforts align with the program's legislative intent and other applicable laws. The legislation maintains the board's core responsibilities, including contract administration, investment management, and oversight of the program trust as an instrumentality of the state.
Latest Voting History
| Ayes | Noes | NVR | Total | Result |
|---|---|---|---|---|
| 79 | 0 | 0 | 79 | PASS |
Monique LimonD Senator | Committee Member | Not Contacted | |
Josh BeckerD Senator | Committee Member | Not Contacted | |
Rosilicie Ochoa BoghR Senator | Committee Member | Not Contacted | |
Dawn AddisD Assemblymember | Bill Author | Not Contacted | |
Jesse ArreguinD Senator | Committee Member | Not Contacted |