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| Rep. Matt Lesser |
State Treasurer’s
Recommended Revisions to the Achieving a Better Life Experience Program,
Rep. Matthew Lesser (D-Middletown) issued the following
statement:
“I’m thrilled the House has unanimously passed
legislation that will meaningfully help families with disabilities
across Connecticut. This legislation, which received bipartisan support
and the critical assistance of the state treasurer,
will give the state the ability to partner with other states to help
families save money through tax-free ABLE accounts to support family
members with disabilities.”
This bill removes the requirement that designated
beneficiaries of federally qualified Achieving a Better Life Experience
(ABLE) accounts be residents of Connecticut or a state it contracts with
to provide ABLE accounts to Connecticut residents.
As under current law, the bill requires a beneficiary to be eligible
(i.e., meet the disability requirements) and an owner of a qualified
ABLE account.
The bill, which now goes to the Senate, would become effective when the governor signs it into law.
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