HB1063

House Bill 1063 amends the Arkansas Achieving a Better Life Experience (ABLE) Program Act to expand eligibility criteria. Specifically, it raises the disability onset age requirement from twenty-six to forty-six years of age. This change applies to the definitions of 'disability certification' and 'eligible individual' within the state statute governing the program. By increasing the onset age, the bill allows individuals who acquired their disability between the ages of twenty-six and forty-six to qualify for ABLE accounts. These accounts provide a tax-advantaged way to save for disability-related expenses without jeopardizing eligibility for certain government assistance programs. The act is scheduled to take effect on January 1, 2026.