Senate Bill 118, presented by Chairman Fall and considered April 15, was moved favorable by the Senate Committee on Revenue and Fiscal Affairs. The bill would add an income-tax deduction for contributions to ABLE accounts (Achieving a Better Life Experience) at the same level currently available for 529 college-savings accounts.

Chairman Fall said ABLE accounts are intended for families saving for the lifetime needs of people with disabilities and that providing the same modest state income-tax deduction as 529 accounts (cited in testimony as $2,400 per individual and $4,800 for married couples at the federal/state program levels) is a fairness issue. He told the committee the expected fiscal impact was "de minimis," under $100,000 in lost revenue according to the fiscal note he cited.

No public opposition or questions were recorded in the transcript; the senator moved the bill favorable and the committee accepted the motion by voice.