ABLE savings trust accounts; established, administered by the Virginia College Savings Plan. (HB2306)

Introduced By

Del. Eileen Filler-Corn (D-Fairfax Station) with support from 7 copatrons, whose average partisan position is:

Those copatrons are Del. David Bulova (D-Fairfax), Del. Glenn Davis (R-Virginia Beach), Del. Kaye Kory (D-Falls Church), Del. Jim LeMunyon (R-Oak Hill), Del. Bob Marshall (R-Manassas), Del. Roxann Robinson (R-Chesterfield), Del. Marcus Simon (D-Falls Church)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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. The Virginia College Savings Plan will be the designated state agency administering ABLE savings trust accounts. Earnings on contributions to ABLE savings trust accounts are exempt from federal income tax. Under the bill, earnings on ABLE savings trust accounts will be excluded from Virginia taxable income. In addition, the bill provides that beginning with taxable year 2016 contributors to ABLE savings trust accounts will be allowed an individual income tax deduction up to $4,000 in contributions per year per account. Persons age 70 or over will not be subject to the $4,000 per account maximum annual deduction. Read the Bill »


Bill Has Passed


01/22/2015Presented and ordered printed 15103326D
01/22/2015Referred to Committee on Education
01/26/2015Assigned Education sub: Higher Education
01/29/2015Subcommittee recommends reporting (8-Y 0-N)
01/29/2015Subcommittee recommends referring to Committee on Finance
01/30/2015Impact statement from DPB (HB2306)
02/02/2015Reported from Education with substitute (22-Y 0-N) (see vote tally)
02/02/2015Committee substitute printed 15104527D-H1
02/02/2015Referred to Committee on Finance
02/03/2015Impact statement from DPB (HB2306H1)
02/04/2015Reported from Finance with amendment (20-Y 1-N) (see vote tally)
02/06/2015Read first time
02/09/2015Floor substitute printed 15104956D-H2 (Ware)
02/09/2015Read second time
02/09/2015Committee substitute agreed to 15104527D-H1
02/09/2015Committee amendment agreed to
02/09/2015Committee substitute reconsidered
02/09/2015Committee substitute rejected 15104527D-H1
02/09/2015Committee amendment reconsidered
02/09/2015Committee amendment rejected
02/09/2015Substitute by Delegate Ware agreed to 15104956D-H2
02/09/2015Engrossed by House - floor substitute HB2306H2
02/10/2015Read third time and passed House (85-Y 15-N)
02/10/2015VOTE: PASSAGE (85-Y 15-N) (see vote tally)
02/11/2015Constitutional reading dispensed
02/11/2015Referred to Committee on Education and Health
02/16/2015Reported from Education and Health (12-Y 0-N) (see vote tally)
02/16/2015Rereferred to Finance
02/17/2015Reported from Finance with substitute (14-Y 0-N) (see vote tally)
02/17/2015Committee substitute printed 15105184D-S1
02/18/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/18/2015Read third time
02/18/2015Reading of substitute waived
02/18/2015Committee substitute agreed to 15105184D-S1
02/18/2015Engrossed by Senate - committee substitute HB2306S1
02/18/2015Passed Senate with substitute (37-Y 0-N) (see vote tally)
02/18/2015Placed on Calendar
02/18/2015Passed by temporarily
02/18/2015Senate substitute rejected by House 15105184D-S1 (0-Y 95-N)
02/18/2015VOTE: REJECTED (0-Y 95-N) (see vote tally)
02/18/2015Senate insisted on substitute (38-Y 0-N) (see vote tally)
02/18/2015Senate requested conference committee
02/18/2015House acceded to request
02/18/2015Conferees appointed by Senate
02/18/2015Senators: Stosch, Martin, Howell
02/18/2015Conferees appointed by House
02/18/2015Delegates: Filler-Corn, Jones, Massie
02/19/2015Impact statement from DPB (HB2306S1)
02/23/2015C Amended by conference committee
02/23/2015Conference report agreed to by House (88-Y 9-N)
02/23/2015VOTE: ADOPTION (88-Y 9-N) (see vote tally)
02/23/2015Conference report agreed to by Senate (40-Y 0-N) (see vote tally)
02/27/2015Bill text as passed House and Senate (HB2306ER)
02/27/2015Impact statement from DPB (HB2306ER)
02/27/2015Signed by Speaker
02/27/2015Signed by President
03/04/2015Enrolled Bill communicated to Governor on 3/4/15
03/04/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/17/2015G Approved by Governor-Chapter 311 (effective - see bill)
03/17/2015G Approved by Governor-Chapter 311 (effective - 7/1/15 see bill)
03/17/2015G Acts of Assembly Chapter text (CHAP0311)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 9 minutes.