Qualified ABLE Program.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill modifies California’s tax laws to align with the federal Qualified ABLE Program, which allows individuals with disabilities to save for qualified expenses without impacting their eligibility for government benefits. Specifically, it aims to reinstate an exemption for dealers selling vehicles, ensures conformity with federal tax laws regarding ABLE accounts, and updates provisions related to contributions and account requirements. The bill also incorporates changes from the One Big Beautiful Bill Act to further streamline the program’s tax treatment.
Key provisions
- Reinstates an exemption for vehicle dealers to pay sales tax on vehicle sales.
- Conforms California tax law to federal tax law changes related to the Qualified ABLE Program.
- Updates provisions regarding contributions to ABLE accounts.
- Incorporates changes from the One Big Beautiful Bill Act into the program’s tax treatment.
- Modifies Section 6295 of the Revenue and Taxation Code to address vehicle sales tax.
- Modifies Section 17140.4 of the Revenue and Taxation Code to align with federal tax provisions.
- Modifies Section 23711.4 of the Revenue and Taxation Code to reflect changes related to ABLE programs.
- Addresses requirements for making contributions to ABLE accounts.
Who is affected
- Vehicle dealers
- Individuals with disabilities and their families
- California taxpayers
- The California Department of Tax and Fee Administration (CDTFA)
Bill text
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Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Committee on Revenue and Taxation
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