3.0.0 2741 2019-11-15T21:57:48Z 2019-11-15T21:57:48Z Senate S S 2008-03-11 110 ssfi00 Finance Committee Senate Standing Referred to 2008-03-11T19:55:58Z Financial Security Accounts for Individuals with Disabilities Act of 2007 110 2370 HR 2007-05-17 Referred to the House Committee on Ways and Means. Related bill CRS Financial Security Accounts for Individuals with Disabilities Act of 2008 110 2743 S 2008-03-11 Read twice and referred to the Committee on Finance. Related bill CRS 2008-03-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1879-1882) IntroReferral 2008-03-11 Sponsor introductory remarks on measure. (CR S1878-1879) IntroReferral B00100 9 Library of Congress 2008-03-11 Introduced in Senate IntroReferral 10000 9 Library of Congress D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN N Taxation Agriculture and Food Blind Cemeteries and funerals Clothing Disabled Education Education savings accounts Elementary and secondary education Employment of the disabled Finance and Financial Sector Government Operations and Politics Government publicity Health Higher education Income tax Labor and Employment Medicaid Medical savings accounts Nutrition Preschool education Respite care Saving and investment Self-help devices for the disabled Social Welfare Tax credits Tax exclusion Tax exemption Transportation and Public Works Transportation and the disabled Welfare eligibility Taxation 00 2008-03-11 Introduced in Senate 2008-04-09T20:33:45Z Disability Savings Act of 2008 - Amends the Internal Revenue Code to allow a tax exemption for disability savings accounts that have a value of $250,000 or less and are established for beneficiaries under the age of 65 who are blind or disabled.

Allows tax-free distributions from such accounts for certain services provided to account beneficiaries, including education services, respite care, clothing, therapy, nutritional management, and funeral and burial expenses.

Allows tax credits for contributions of up to $2,000 made to a disability savings account and for certain entities that maintain disability savings accounts.

Permits disability savings accounts to be disregarded in determining eligibility for Medicaid benefits and certain other means-tested federal programs.

Requires the Secretary of Health and Human Services to establish a program for marketing, outreach, and education related to disability savings accounts.

]]> Disability Savings Act of 2008 Short Titles as Introduced Disability Savings Act of 2008 Display Title Disability Savings Act of 2008 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for disability savings accounts, and for other purposes. Introduced in Senate 2008-03-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2741is/xml/BILLS-110s2741is.xml 2008-03-11 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1879-1882) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.