A 3628
"New Jersey Disability Savings Act."
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
The New Jersey Disability Savings Act aims to encourage the use of ABLE accounts – tax-advantaged savings accounts for individuals with disabilities – by offering state matching funds for initial deposits. It establishes definitions for key terms like ‘New Jersey ABLE account’ and ‘qualifying state ABLE account,’ and proposes a one-time grant of up to $750 for eligible taxpayers with incomes under $150,000 who open a new account. The bill also allows taxpayers to deduct contributions to these accounts from their gross income for state tax purposes.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.