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HB 296 Delaware House · 149th General Assembly (2017-2018)

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO ABLE SAVINGS ACCOUNTS.

Summary
This bill creates a tax deduction of up to $2,500 for an individual or $5,000 for a married couple for contributions to a qualified 529A savings account, or "ABLE" plan - a special account for meeting the needs of certain individuals with disabilities. The deduction may only be claimed by a taxpayer who makes less than $125,000 or a married couple who makes less than $250,000. It is applicable only to ABLE plans sponsored by the State of Delaware or offered by a consortium of states of which Delaware is a member.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2018
Committee Review
Floor Vote
Governor
Introduced Jan 16, 2018 Last action Jan 16, 2018
Floor votes

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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
0
Jan 16, 2018
Introduced
Introduced and Assigned to Revenue & Finance Committee in House
lower
2 primary · 8 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Nicole Poore
Nicole Poore
DDemocratic
DE
12
P
Photo of Trey Paradee
Trey Paradee
DDemocratic
DE
17
Co
Photo of Bryant Richardson
Bryant Richardson
RRepublican
DE
21
Co
Photo of Dave Wilson
Dave Wilson
RRepublican
DE
18
Co
HM
Helene M. Keeley
DDemocratic
DE
3
Co
Photo of Jeff Spiegelman
Jeff Spiegelman
RRepublican
DE
11
Co
JL
John L. Mitchell
DDemocratic
DE
13
Co
Photo of Kevin Hensley
Kevin Hensley
RRepublican
DE
9
Co
MR
Margaret Rose Henry
DDemocratic
DE
2
Co
MG
Melanie George Smith
DDemocratic
DE
5