California SB1436 amends tax code provisions to align with federal changes to qualified ABLE programs.
California SB1436 modifies state tax code sections to conform with federal amendments to qualified ABLE programs, which are tax-advantaged savings accounts for individuals with disabilities. The bill applies federal changes to taxable years beginning on or after January 1, 2026, and modifies contribution limits and reporting requirements. It also mandates the California Treasurer's office to report on the number of newly eligible ABLE accounts by January 1, 2030.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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