Wednesday, 28 October, 2015
ABLE Act Signed Into Law in Michigan
On October 28, Michigan Lieutenant Governor Brian Calley signed into law House Bill 4542, the ABLE Act. Michigan is now the 33rd state to enact the ABLE Act.
The ABLE Act will allow certain individuals with disabilities and their families the opportunity to contribute to a tax-exempt savings account that can be used for maintaining health, independence and quality of life. As passed, the ABLE Act requires each state to independently establish, implement or contract with other states on the availability of ABLE accounts.
National Disability Institute (NDI) has long championed the ABLE Act as a critical strategy to providing a pathway to a better economic future for all people with disabilities. As the nation’s first nonprofit dedicated to improving the financial health and future of all people with disabilities, the organization has extensively documented and called attention to the daily reality and extra expenses associated with living with a disability, and the challenges of navigating the complex web of government rules to maintain public benefits eligibility.
NDI applauds the Michigan Legislature and the Snyder Administration for their support of the ABLE Act and for working with us to include a provision related to financial education for ABLE beneficiaries. We look forward to working with other states on crafting and passing similar legislation.
For the latest updates on the status of state ABLE legislation, please visit National Down Syndrome Society's ABLE State Bills webpage. To learn more about the ABLE Act, please visit NDI’s ABLE Act webpage.