Amends TCA Section 71-4-803 and Section 71-4-806.
Tennessee SB0452 amends the Achieving a Better Life Experience (ABLE) program by removing the limitation that earnings from ABLE accounts can only be used for education expenses. The bill affects eligible individuals with disabilities by broadening the scope of expenditures allowed from their ABLE accounts. Additionally, it aligns the definitions of "eligible individual" and "disability certification" with those in the federal Internal Revenue Code, ensuring consistency in eligibility criteria.
Tennessee SB0452 amends the Achieving a Better Life Experience (ABLE) program by removing the limitation that earnings from ABLE accounts can only be used for education expenses. The bill affects eligible individuals with disabilities by broadening the scope of expenditures allowed from their ABLE accounts. Additionally, it aligns the definitions of "eligible individual" and "disability certification" with those in the federal Internal Revenue Code, ensuring consistency in eligibility criteria.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records