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Committee hears bill to align Arkansas ABLE accounts with federal age eligibility

2226040 · January 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The House Revenue & Taxation Committee heard HB1063 from Rep. Julie Mayberry to expand state ABLE account eligibility from disability onset age 26 to 46 to match the federal Secure Act 2; no committee vote was taken.

State Representative Julie Mayberry presented House Bill 1063 to the House Revenue & Taxation Committee to align Arkansas law with federal changes that raise the qualifying age for ABLE accounts from 26 to 46.

The change comes from the federal Secure Act 2, which Representative Mayberry and Chris Scott of the treasurer’s office said amended federal rules and will be effective in January 2026. Chris Scott, manager of 529/ABLE programs in the Arkansas Treasurer’s Office, told the committee the federal change “expanded eligibility for the ABLE accounts by raising the qualifying age of…

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