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ICDL is pleased to support the Achieving a Better Life Experience Act of 2009 (“ABLE” Act), S. 493/H.R. 1205.
The ABLE Act authorizes “ABLE Accounts,” resembling in many respects how existing Individual Retirement Accounts (IRAs) and 529 college savings plans work. Provided certain rules are met, these disability savings accounts will be exempt from federal taxation. The funds could be used for education, transportation, employment support, health, prevention, wellness, life necessities, and other approved expenses.
This legislation was introduced on February 26, 2009, by Senators Bob Casey (D-PA), Richard Burr (R-NC), Edward Kennedy (D-MA) and Sam Brownback (R-KS) in the Senate (S.493). The House companion bill (H.R.1205 ) was introduced by Reps. Ander Crenshaw (R-FL), Patrick Kennedy (D-RI), Cathy McMorris Rodgers (R-WA) and Kendrick Meek (D-FL). The bill will have to pass both houses of Congress and be signed by the President to become law.
ICDL encourage parents and professionals to contact their senators and representatives to support this Act. Please take a moment and send an email to Congress today, using the Autism Society of America form.
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