HB 2306 ABLE savings trust accounts; established, administered by the Virginia College Savings Plan.
Eileen Filler-Corn | all patrons    ...    notes
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Summary as passed: (all summaries)

Achieving a Better Life Experience (ABLE) savings trust accounts established; administered by the Virginia College Savings Plan. Establishes ABLE savings trust accounts to be administered by the Virginia College Savings Plan to facilitate the saving of private funds for paying the qualified disability expenses of certain disabled individuals. Under the federal Achieving a Better Life Experience Act of 2014, Congress authorized states to establish ABLE savings trust accounts to assist individuals and families in saving and paying for the education, housing, transportation, employment training and support, assistive technology and personal support services, health, prevention and wellness, financial management and administrative services, and other expenses of individuals who were disabled or blind prior to the age of 26. Earnings on contributions to ABLE savings trust accounts are exempt from federal income tax.

Because Virginia conforms to the federal income tax laws, earnings on contributions to ABLE savings trust accounts will also be excluded from Virginia taxable income. This bill is identical to SB 1404.

Full text:
01/22/15  House: Presented and ordered printed 15103326D  pdf | impact statement
02/02/15  House: Committee substitute printed 15104527D-H1  pdf | impact statement
02/09/15  House: Floor substitute printed 15104956D-H2 (Ware)  pdf
02/17/15  Senate: Committee substitute printed 15105184D-S1  pdf | impact statement
02/27/15  House: Bill text as passed House and Senate (HB2306ER)  pdf | impact statement
03/17/15  Governor: Acts of Assembly Chapter text (CHAP0311)  pdf

Amendments:
House amendments
House amendments rejected
Conference amendments

Status:
01/22/15  House: Presented and ordered printed 15103326D
01/22/15  House: Referred to Committee on Education
01/26/15  House: Assigned Education sub: Higher Education
01/29/15  House: Subcommittee recommends reporting (8-Y 0-N)
01/29/15  House: Subcommittee recommends referring to Committee on Finance
02/02/15  House: Reported from Education with substitute (22-Y 0-N)
02/02/15  House: Committee substitute printed 15104527D-H1
02/02/15  House: Referred to Committee on Finance
02/04/15  House: Reported from Finance with amendment (20-Y 1-N)
02/06/15  House: Read first time
02/09/15  House: Floor substitute printed 15104956D-H2 (Ware)
02/09/15  House: Read second time
02/09/15  House: Committee substitute agreed to 15104527D-H1
02/09/15  House: Committee amendment agreed to
02/09/15  House: Committee substitute reconsidered
02/09/15  House: Committee substitute rejected 15104527D-H1
02/09/15  House: Committee amendment reconsidered
02/09/15  House: Committee amendment rejected
02/09/15  House: Substitute by Delegate Ware agreed to 15104956D-H2
02/09/15  House: Engrossed by House - floor substitute HB2306H2
02/10/15  House: Read third time and passed House (85-Y 15-N)
02/10/15  House: VOTE: PASSAGE (85-Y 15-N)
02/11/15  Senate: Constitutional reading dispensed
02/11/15  Senate: Referred to Committee on Education and Health
02/16/15  Senate: Reported from Education and Health (12-Y 0-N)
02/16/15  Senate: Rereferred to Finance
02/17/15  Senate: Reported from Finance with substitute (14-Y 0-N)
02/17/15  Senate: Committee substitute printed 15105184D-S1
02/18/15  Senate: Constitutional reading dispensed (38-Y 0-N)
02/18/15  Senate: Read third time
02/18/15  Senate: Reading of substitute waived
02/18/15  Senate: Committee substitute agreed to 15105184D-S1
02/18/15  Senate: Engrossed by Senate - committee substitute HB2306S1
02/18/15  Senate: Passed Senate with substitute (37-Y 0-N)
02/18/15  House: Placed on Calendar
02/18/15  House: Passed by temporarily
02/18/15  House: Senate substitute rejected by House 15105184D-S1 (0-Y 95-N)
02/18/15  House: VOTE: REJECTED (0-Y 95-N)
02/18/15  Senate: Senate insisted on substitute (38-Y 0-N)
02/18/15  Senate: Senate requested conference committee
02/18/15  House: House acceded to request
02/18/15  Senate: Conferees appointed by Senate
02/18/15  Senate: Senators: Stosch, Martin, Howell
02/18/15  House: Conferees appointed by House
02/18/15  House: Delegates: Filler-Corn, Jones, Massie
02/23/15  Conference: Amended by conference committee
02/23/15  House: Conference report agreed to by House (88-Y 9-N)
02/23/15  House: VOTE: ADOPTION (88-Y 9-N)
02/23/15  Senate: Conference report agreed to by Senate (40-Y 0-N)
02/27/15  House: Enrolled
02/27/15  House: Bill text as passed House and Senate (HB2306ER)
02/27/15  House: Signed by Speaker
02/27/15  Senate: Signed by President
03/04/15  House: Enrolled Bill communicated to Governor on 3/4/15
03/04/15  Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/17/15  Governor: Approved by Governor-Chapter 311 (effective - 7/1/15 see bill)
03/17/15  Governor: Acts of Assembly Chapter text (CHAP0311)