AB 1076
Qualified ABLE Program: CalABLE accounts: funding.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill expands the California Qualified ABLE Program by allowing the California ABLE Act Board to accept additional funding sources, including grants and appropriations from philanthropic entities. It also directs the Franchise Tax Board to include information about depositing refunds into the California ABLE Program Trust on state tax forms. The bill aims to increase participation in the program by encouraging eligible individuals to create or maximize their ABLE accounts through public awareness campaigns and targeted outreach.
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