Bill Text: CT HB05447 | 2015 | General Assembly | Introduced

Connecticut House Bill 5447 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning Tax-free Savings Accounts For Use By Persons With Disabilities And Their Family Members.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-02-02 - Change of Reference, Senate to Committee on Finance, Revenue and Bonding [HB05447 Detail]

Download: Connecticut-2015-HB05447-Introduced.html


General Assembly		*Proposed Bill No. 5447*
*January Session, 2015*		LCO No. 1042
		01042
Referred to Committee on PUBLIC HEALTH
Introduced by:
REP. LAVIELLE, 143rd Dist.

AN ACT CONCERNING TAX-FREE SAVINGS ACCOUNTS FOR USE BY PERSONS WITH DISABILITIES AND THEIR FAMILY MEMBERS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That title 19a of the general statutes be amended to establish a program that allows a person with disabilities or a family member of such person to deposit funds into an account to be used for such person's expenses, including expenses relating to education, housing, transportation, employment support, health care and assistive technology, and under which such funds are not considered taxable income for purposes of the state income tax.

Statement of Purpose:

To create a tax-free savings account to allow persons with disabilities to pay certain expenses in a state program modeled after the federally-proposed legislation: Achieving a Better Life Experience Act of 2014 ("ABLE").