WV HB2848 | 2019 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Passed on April 11 2019 - 100% progression
Action: 2019-04-11 - Chapter 219, Acts, Regular Session, 2019
Text: Latest bill text (Enrolled) [HTML]

Summary

The purpose of this bill is to make amendments to the West Virginia ABLE Act and add a reduction in federal adjusted gross income for West Virginia personal income taxes. The bill adds and clarifies definitions to conform to federal law; adds an attorney in fact and a parent to the persons authorized to create or manage West Virginia ABLE Act accounts as permitted by federal law; amends the age of eligible individuals to conform to federal law; clarifies that a guardian may manage an ABLE account regardless of the amount of a designated beneficiary’s assets and that the Department of Health and Human Resources may not manage an ABLE account; adds an FEIN to the application requirements; authorizing the minimum account value to be the value established by the state of the program manager contracting with the Treasurer; clarifies that moneys in a West Virginia ABLE Act account or from a qualified withdrawal are to be disregarded when determining eligibility for or the amount of public assistance unless required by federal law, are not subject to claims of the Department of Health and Human Resources unless required by federal law, and on the death of a designed beneficiary shall be transferred to the estate of the designated beneficiary unless prohibited by federal law; and authorizes contributions to West Virginia ABLE Act accounts to be subtracted from federal adjusted gross income for purposes of West Virginia personal income taxes and the recapture of the amounts subtracted if used for purposes other than a qualified disability expense. In addition, the bill makes various technical revisions.

Tracking Information

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Title

Relating to the West Virginia ABLE Act

Sponsors


Roll Calls

2019-03-01 - Senate - Passed Senate (Roll No. 310) (Y: 32 N: 0 NV: 0 Abs: 2) [PASS]
2019-03-01 - Senate - Constitutional Rule Suspended (Roll No. 309) (Y: 30 N: 2 NV: 0 Abs: 2) [PASS]
2019-02-14 - House - Passed House (Roll No. 182) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2019-04-11HouseChapter 219, Acts, Regular Session, 2019
2019-03-09SenateApproved by Governor 3/27/19 - Senate Journal
2019-03-27HouseApproved by Governor 3/27/19
2019-03-09HouseApproved by Governor 3/27/19 - House Journal
2019-03-08SenateTo Governor 3/8/19 - Senate Journal
2019-03-08HouseTo Governor 3/8/19
2019-03-08HouseTo Governor 3/8/19 - House Journal
2019-03-02HouseHouse received Senate message
2019-03-01SenateCompleted legislative action
2019-03-01SenateCommunicated to House
2019-03-01SenatePassed Senate (Roll No. 310)
2019-03-01SenateRead 3rd time
2019-03-01SenateConstitutional Rule Suspended (Roll No. 309)
2019-03-01SenateRead 2nd time
2019-03-01SenateOn 2nd reading
2019-02-28SenateRead 1st time
2019-02-28SenateOn 1st reading
2019-02-27SenateReported do pass
2019-02-15SenateTo Finance
2019-02-15SenateTo Finance
2019-02-15SenateIntroduced in Senate
2019-02-15SenateHouse Message received
2019-02-14HouseCommunicated to Senate
2019-02-14HousePassed House (Roll No. 182)
2019-02-14HouseRead 3rd time
2019-02-14HouseOn 3rd reading, Special Calendar
2019-02-13HouseRead 2nd time
2019-02-13HouseOn 2nd reading, Special Calendar
2019-02-12HouseRead 1st time
2019-02-12HouseOn 1st reading, Special Calendar
2019-02-11HouseBy substitute, do pass
2019-02-04HouseTo House Finance
2019-02-04HouseIntroduced in House
2019-02-04HouseTo Finance
2019-02-04HouseFiled for introduction

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
112112iNew CodeSee Bill Text
16483Amended CodeCitation Text
16486Amended CodeCitation Text

West Virginia State Sources


Bill Comments

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