AB 416 - Personal income taxes: deductions: CalABLE contributions.
DRC Support

California adopted the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014, which allows certain individuals with disabilities to accumulate savings without losing their eligibility for means tested SSI, Medicaid and other government benefit programs. The money in an ABLE account can be used to pay for a broad range of “qualified disability expenses” such as medical bills, assistive technology, housing modifications, education related expenses, etc.

AB 416 Position Letter (pdf)
AB 416 Position Letter (rtf)


AB 736 - Taxation: savings plans: qualified ABLE program
DRC Support

This bill would allow individuals with disabilities to transfer their funds from a qualified ScholarShare College Savings Plan (529 account) to a CalABLE account without a tax penalty. The CalABLE Program, launched in California in December 2018, was established pursuant the federal Achieving a Better Life Experience Act (ABLE Act) to allow individuals with disabilities to establish tax-free savings accounts.

AB 736 Position Letter (pdf)
AB 736 Position Letter (rtf)


SB 263 - Taxation: credit: savings plans: qualified ABLE program: small business cash method of accounting
DRC Support

This bill would, for taxable years beginning on or after January 1, 2020, and before January 1, 2026, in conformity with the federal "savers tax credit," allow a credit for qualified retirement savings contributions to ABLE accounts.

SB 263 Position Letter (pdf)
SB 263 Position Letter (rtf)