Celebrating the 5th Anniversary of the ABLE Act: Legislation that Gives People with Disabilities the Ability to Save Money
On December 19th, Montanans will join the 5th anniversary celebrations of the U.S. ABLE Act. The Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act recognizes the late Mr. Beck, who paved the way for a better life for his daughter, Natalie, and for individuals like Natalie, by empowering millions of eligible Americans to save money for their future. The ABLE Act established a tax-advantaged program for qualified individuals and their families to save money for disability-related expenses.
After the passage of the ABLE Act, Montana established its ABLE program during the next state legislative session. Senators Fred Thomas, Mary Caferro, and Cynthia Wolken co-sponsored SB 399; it passed the Montana Senate 49-1, the House 100-0, and was signed by Governor Bullock on May 5, 2015. Today, nearly 300 people living with disabilities have Montana ABLE accounts.