Calderon
Author
Under existing law, certain property is exempted from enforcement of money judgments, including benefits from a disability or health insurance policy or program. Existing federal law, the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (ABLE Act) , encourages and assists individuals and families to save private funds in a tax-advantaged savings account for the purpose of supporting persons with disabilities to maintain their health, independence, and quality of life by excluding from gross income distributions used for qualified disability expenses by a beneficiary of a qualified ABLE program established and maintained by a state, as specified. Existing law establishes the Qualified ABLE Program, administered by the California ABLE Act Board, in this state for purposes of implementing the federal ABLE Act. Under the Qualified ABLE Program, moneys in, contributions to, and any distribution for qualified disability expenses from, an ABLE account, up to $100,000, do not count toward determining eligibility for a state or local means-tested program. This bill would, commencing September 1, 2018, also exempt those moneys in an ABLE account from enforcement of a money judgment without making a claim, except as specified. This bill would incorporate additional changes to Section 4880 of the Welfare and Institutions Code proposed by AB 384 to be operative only if this bill and AB 384 are enacted and this bill is enacted last.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 529, Statutes of 2017.
Enrolled and presented to the Governor at 4 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 3539.).
Assembly Rule 63 suspended. (Page 3535.)
Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2998.).
In Assembly. Concurrence in Senate amendments pending.
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Ordered to third reading.
From Consent Calendar.
Read second time. Ordered to Consent Calendar.
From committee: Do pass. To Consent Calendar. (Ayes 6. Noes 0.) (June 27).
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1529.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 2).
From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
From printer. May be heard in committee March 18.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB688 | HTML |
| 02/15/17 - Introduced | |
| 03/23/17 - Amended Assembly | |
| 05/08/17 - Amended Assembly | |
| 09/06/17 - Amended Senate | |
| 09/19/17 - Enrolled | |
| 10/06/17 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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