Mississippi House Bill 1019 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on February 23 2016 - 100% progression
Action: 2016-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The Mississippi Achieving A Better Life Experience (able) Act; To Define Certain Terms And Phrases Relating To The Mississippi Able Program; To Establish And Prescribe The Powers Of The Mississippi Able Board Of Directors Relating To The Administration Of The Mississippi Able Program; To Prescribe Certain Terms Of Able Trust Agreements Entered Into Under The Program; To Establish The Able Trust Fund; To Exempt Property In The Trust Fund From Taxation And To Establish Deductions For Payments To Able Accounts; To Prescribe The Authority Of The Board Of Directors To Invest Funds In The Trust Fund; To Require The Board To Provide Annual Accounting Statements; To Require The Board To Establish And Administer The Mississippi Able Program By July 1, 2017; To Specify The Requirements That Must Be Met Before Implementation Of The Program; To Require A Participation Agreement For The Program Which Contains Specified Provisions Authorizing Other Provisions That May Be Included In The Agreement; To Provide For The Amendment Of The Agreement Under Certain Circumstances; To Provide For The Use Of The Balance Of An Abandoned Able Account By The Board; To Provide That A Contract Or Participation Agreement Entered Into By The Board Or An Obligation Of The Board Does Not Constitute A Debt Or Obligation Of The State Of Mississippi; To Authorize The Board To Contract With Other States For Specified Purposes Under Certain Circumstances; To Provide For The Termination Of The Program Under Certain Circumstances And For The Disposition Of Certain Assets Upon Termination; To Prohibit The State From Limiting Or Altering The Specified Vested Rights Of Designated Beneficiaries Except Under Specified Circumstances; To Require The Board To Establish A Comprehensive Investment Plan For The Program; To Exempt Funds Paid Into The Program's Trust Fund From The Claims Of Specified Creditors; To Provide For Recovery By The Division Of Medicaid Of Certain Medical Assistance Provided To A Deceased Designated Beneficiary; To Provide For The Distribution Of The Balance Of A Deceased Designated Beneficiary's Able Account; To Require The Board To Assist And Cooperate With The Appropriate Agency For Health Care Administration And Division Of Medicaid Program In Other States By Providing Specified Information; To Amend Section 27-7-15, Mississippi Code Of 1972, To Exclude Payments To An Able Account From The Definition Of Gross Income For Income Tax Purposes; To Amend Sections 27-7-17 And 27-7-18, Mississippi Code Of 1972, In Conformity To The Provisions Of This Act; And For Related Purposes.

Mississippi Achieving a Better Life Experience (ABLE) Act; create to provide flexible spending accounts for individuals with disabilities.

Rep. Carolyn Crawford [R]

Rep. Cory Wilson [R]

Date	Chamber	Action
2016-02-23	House	Died In Committee
2016-02-08	House	Referred To Public Health and Human Services;Revenue and Expenditure General Bills

Type	Source
Summary	https://billstatus.ls.state.ms.us/2016/pdf/history/HB/HB1019.xml
Text	https://billstatus.ls.state.ms.us/documents/2016/html/HB/1000-1099/HB1019IN.htm