Establishes the ENABLE account to fund the Washington Achieving a Better Life Experience program.
The bill creates the ENABLE account, managed by the state treasurer, to fund the Washington Achieving a Better Life Experience program. This program allows individuals with disabilities to create tax-advantaged savings accounts. The account can receive funds from various sources, including legislative appropriations and private donations. Expenditures must comply with federal tax code provisions. The account can be used for administrative expenses, reducing fees for individual accounts, and contributing to new or rolled-over accounts.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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