Bill: SB 1184, 86(R) - 2019

Committee

Senate Business & Commerce

2nd Chamber Committee

House Pensions, Investments, & Financial Services

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Neutral Neutral Neutral Neutral Neutral Neutral

Author(s)

Charles Perry

Sponsor(s)

Stephanie Klick

Bill Caption

Relating to eligible participants in the Texas Achieving a Better Life Experience (ABLE) Program.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

SB 1184 would allow all agents acting under powers of attorney and legal guardians, including eligible wards of court-appointed guardians, to qualify as adult beneficiaries under the Texas ABLE Program. This program allows people with disabilities to have a tax-advantaged savings account to fund disability expenses.

This clarifies existing law that allows the parent of a minor, a custodian, or other fiduciary to serve as a participant and establish a Texas ABLE account on behalf of a disabled person.

Vote Recommendation Notes

Texas Action is neutral on SB 1184 because it does not affect our liberty principles. 

Source URL (retrieved on 05/01/2024 06:05 PM): http://reports.texasaction.com/bill/86r/sb1184?print_view=true