An Act to Provide an Income Tax Deduction for Certain Contributions to a Qualified Achieving a Better Life Experience Program Account

Where it is in the process

Plain-English Summary

This bill creates a new state income tax deduction for contributions made to a qualified Achieving a Better Life Experience (ABLE) program account. Starting in 2025, individuals can deduct up to $1,000 per eligible person, but this deduction is not available to single filers or married persons filing separately with federal adjusted gross income over $100,000, or to joint filers and heads of households with income over $200,000. This change aims to align the tax treatment of ABLE contributions with those made to 529 college savings plans.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 2 Sponsors

Democrat0Republican2Independent0Other0

R · PrimeStacey Guerin
R · CoBruce Bickford

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