OR SB777 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 13 2015 - 100% progression
Action: 2015-08-13 - Effective date, October 5, 2015.
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 13 2015 - 100% progression
Action: 2015-08-13 - Effective date, October 5, 2015.
Text: Latest bill text (Enrolled) [PDF]
Summary
Directs Oregon 529 Savings Board to establish by rule qualified state ABLE Act program as described in federal Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014. Allows persons with disabilities to establish savings accounts for disability-related expenses. Excludes distributions from account for qualified disability expenses from federal taxable income. Subtracts contributions made to account from federal taxable income when contribution is made before designated beneficiary of account attains 21 years of age. Allows state without qualified ABLE program to contract with this state to provide residents of contracting state access to Oregon ABLE program. Specifies that amount in ABLE account is disregarded for purposes of determining person's financial eligibility to receive assistance or benefit authorized by law. Establishes Oregon 529 College Savings Plan Subaccount and Oregon 529 ABLE Subaccount in Oregon 529 Savings Network Fund. Appropriates moneys from General Fund to State Treasurer for establishment of ABLE program. Directs State Treasurer to transfer amount of appropriation from Oregon 529 ABLE Subaccount to General Fund as soon as practicable. Directs State Treasurer and Oregon 529 Savings Board to establish qualified ABLE program not later than January 1, 2017. Takes effect on 91st day following adjournment sine die.
Title
Relating to savings accounts for disability-related expenses; and prescribing an effective date.
Sponsors
Roll Calls
2015-07-03 - Senate - Senate Third Reading in Concurrence (Y: 29 N: 0 NV: 0 Abs: 1) [PASS]
2015-07-02 - House - House Third Reading (Y: 55 N: 0 NV: 0 Abs: 5) [PASS]
2015-06-23 - Senate - Senate Third Reading (Y: 28 N: 0 NV: 0 Abs: 2) [PASS]
2015-06-16 - Senate - Senate Committee Do pass with amendments to the B-Eng bill. (Printed C-Eng.) (Y: 22 N: 1 NV: 0 Abs: 1) [PASS]
2015-04-21 - Senate - Senate Committee Do pass with amendments. Refer to Ways and Means by prior reference (Printed B-Eng) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2015-04-02 - Senate - Senate Committee Do pass with amendments. Refer to Finance and Revenue by prior reference and requesting referral to Ways and Means. Printed A-Eng) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2015-07-02 - House - House Third Reading (Y: 55 N: 0 NV: 0 Abs: 5) [PASS]
2015-06-23 - Senate - Senate Third Reading (Y: 28 N: 0 NV: 0 Abs: 2) [PASS]
2015-06-16 - Senate - Senate Committee Do pass with amendments to the B-Eng bill. (Printed C-Eng.) (Y: 22 N: 1 NV: 0 Abs: 1) [PASS]
2015-04-21 - Senate - Senate Committee Do pass with amendments. Refer to Ways and Means by prior reference (Printed B-Eng) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2015-04-02 - Senate - Senate Committee Do pass with amendments. Refer to Finance and Revenue by prior reference and requesting referral to Ways and Means. Printed A-Eng) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-08-13 | Senate | Effective date, October 5, 2015. |
| 2015-08-13 | Senate | Chapter 843, 2015 Laws. |
| 2015-08-12 | Senate | Governor signed. |
| 2015-07-09 | House | Speaker signed. |
| 2015-07-07 | Senate | President signed. |
| 2015-07-03 | Senate | Senate concurred in House amendments and repassed bill.Ayes, 29; excused, 1--Olsen. |
| 2015-07-02 | House | Third reading. Carried by Komp, Hayden. Passed.Ayes, 55; Excused, 2--Barton, Greenlick; Excused for Business of the House, 3--Clem, Gomberg, McLane. |
| 2015-07-01 | House | Second reading. |
| 2015-07-01 | House | Recommendation: Do pass with amendments and be printed D-Engrossed. |
| 2015-06-30 | House | Work Session held. |
| 2015-06-24 | House | Referred to Ways and Means. |
| 2015-06-24 | House | First reading. Referred to Speaker's desk. |
| 2015-06-23 | Senate | Johnson, excused, granted unanimous consent to vote aye. |
| 2015-06-23 | Senate | Third reading. Carried by Gelser. Passed.Ayes, 28; excused, 2--Beyer, Olsen. |
| 2015-06-22 | Senate | Second reading. |
| 2015-06-18 | Senate | Recommendation: Do pass with amendments to the B-Eng. bill. (Printed C-Eng.) |
| 2015-06-16 | Senate | Work Session held. |
| 2015-06-11 | Senate | Returned to Full Committee. |
| 2015-06-11 | Senate | Work Session held. |
| 2015-06-02 | Senate | Public Hearing held. |
| 2015-05-27 | Senate | Public Hearing Cancelled. |
| 2015-05-19 | Senate | Assigned to Subcommittee On General Government. |
| 2015-04-27 | Senate | Recommendation: Do pass with amendments to the A-Eng. and be referred to Ways and Means by prior reference. (Printed B-Eng.) |
| 2015-04-21 | Senate | Work Session held. |
| 2015-04-15 | Senate | Public Hearing held. |
| 2015-04-07 | Senate | Recommendation: Do pass with amendments and be referred to Finance and Revenue by prior and then Ways and Means by order of the President(Printed A-Eng.) |
| 2015-04-02 | Senate | Public Hearing and Work Session held. |
| 2015-02-26 | Senate | Referred to Human Services and Early Childhood, then Finance and Revenue. |
| 2015-02-24 | Senate | Introduction and first reading. Referred to President's desk. |
