Tax Policy/ABLE Act – Department of Treasury and Internal Revenue Service Hold Hearing on Qualified ABLE Programs Notice of Proposed Rulemaking

Last week, the Department of Treasury and Internal Revenue Service (IRS) held a public hearing on the proposed rules for implementation of the Stephen Beck, Jr., Achieving a Better Life Experience (ABLE) Act of 2014. Speakers included Marty Ford of The Arc, representatives of other major disability advocacy organizations, and representatives of state treasurer’s offices and college savings plan administrators. Speakers fielded questions from representatives of the Treasury Department and IRS. Most speakers stressed the need for a streamlined enrollment process and administrative simplicity. The Department of Treasury and the IRS will now consider all written and oral comments and issue final regulations in the coming months.

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