California Governor Signs ABLE Act Into Law

October 15, 2015

California Governor Signs ABLE Act Into Law

On October 11, California Governor Jerry Brown signed into law Assembly Bill 449, the Achieving Better Life Experience (ABLE) Act. California is now the 32nd state to enact the ABLE Act.

The ABLE Act will allow certain individuals with disabilities and their families the opportunity to contribute to a tax-exempt savings account that can be used for maintaining health, independence and quality of life. As passed, the ABLE Act requires each state to independently establish, implement or contract with other states on the availability of ABLE accounts.

Click below for the rest of the story via Real Economic Impact


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