Bill Summaries: H 983 ABLE ACT CHANGES/STUDY.

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  • Summary date: May 22 2018 - View Summary

    Amends GS 105-153.5(c)(7) to exclude from the calculation of an individual taxpayer's adjusted gross income funds withdrawn from the Parental Savings Trust Fund of the State Education Assistance Authority that were rolled over to an Achieving a Better Life Experience (ABLE) account. Effective for taxable years beginning on or after January 1, 2018.

    Requires the ABLE Program Board of Trustees to report by December 1, 2018, to the Joint Legislative Oversight Committee on Health and Human Services and the Joint Legislative Oversight Committee on General Government on recommendations for changes to the ABLE Program Trust and its related statutes.