AB 984: Personal income taxes: deductions: CalABLE contributions.
The bill allows a deduction in personal income tax for contributions to a "Cal-ABLE" account, which is a type of savings account for individuals with disabilities. This deduction would be available for taxable years starting in 2026 and would be phased out by 2031. The contribution limits would be determined by the state and would be in addition to any existing federal tax deductions for contributions to a similar type of account. The bill also includes additional requirements for any new tax expenditure, including specific goals and performance indicators. The bill would take effect immediately as a tax levy.
| Feb. 02, 2026 | From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. |
| Jan. 31, 2026 | Died pursuant to Art. IV, Sec. 10(c) of the Constitution. |
| May. 23, 2025 | In committee: Held under submission. |
| May. 21, 2025 | Joint Rule 62(a), file notice suspended. (Page 1627.) |
| May. 21, 2025 | Joint Rule 62(a), file notice suspended. (Page 1627.) |