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Tennessee Governor Bill Haslam Signs ABLE Legislation to Help Families and Individuals with Disabilities Save with Tax-free Earnings

 

State of TennesseeNashville, TN – Families of those with disabilities are now one step closer to saving more money for medical costs with tax-free earnings.

Yesterday, Tennessee Governor Bill Haslam signed the Tennessee ABLE Act into Law, giving State Treasurer David H. Lillard, Jr. the authority to create and offer tax-advantaged investment plans to help families of those with disabilities save money for a variety of qualifying expenses.

The legislation, passed unanimously by the 109th General Assembly, establishes an Achieving a Better Life Experience (ABLE) Program in accordance with federal legislation.

(L to R) Whitney Goetz, LaKesha Page, Sen. Becky Duncan Massey, Steve Summerall, Governor Bill Haslam, Treasurer David H. Lillard Jr., Rep. Kevin Brooks, Carol Westlake, and Melanie  Bull. (Jed Dekalb, Chief State Photographer)

(L to R) Whitney Goetz, LaKesha Page, Sen. Becky Duncan Massey, Steve Summerall, Governor Bill Haslam, Treasurer David H. Lillard Jr., Rep. Kevin Brooks, Carol Westlake, and Melanie Bull. (Jed Dekalb, Chief State Photographer)

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