NEW CITY – Senator David Carlucci
(D-New City) is calling for passage of the ABLE Act, which would allow
people with disabilities and their families the opportunity to create
a tax-exempt savings account that could be used for maintaining, health,
independence and quality of life.
In December 2014, the federal government passed the Achieving a Better
Life Experience, also known as the ABLE Act. That legislation allows family
members or caregivers to save money tax-free for a loved one who has a
disability. In order for New York to participate in the program, it must
pass its own legislation.
Carlucci said the legislation “provides us with a real opportunity
to make a difference in the lives of people with disabilities.”
Twenty-five other states have passed state ABLE Acts. Doing the same in
New York would enable residents with disabilities and their families to
“save for the future, explore more employment opportunities and
live full, meaningful lives,” said Carmine Marchionda, executive
director of the ARC of Rockland County.