AB 1076: Qualified ABLE Program: CalABLE accounts: funding.

The bill aims to amend existing laws to support individuals with disabilities by providing a qualified able program. The program allows individuals to save private funds for disability expenses, excluding these amounts from gross income. The bill authorizes the program to accept grants, gifts, and legislative appropriations from various entities, including philanthropic organizations. The program can target specific subgroups of eligible individuals and use the received funds to encourage account creation or maximize participation. The bill also requires the state to provide information about the program on taxpayer forms, allowing individuals to directly deposit a portion of their refund into the program trust. Additionally, the bill expands the purpose of the program to include the achievement of better life experiences, as specified in the federal able act.