Illinois SR 257: MEMORIAL-JON LYN HERLEHY

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SR0257LRB104 13230 ECR 25401 r

1SENATE RESOLUTION

2 WHEREAS, Achieving a Better Life Experience (ABLE) 

3programs are important tools for Illinoisans with disabilities 

4and their families to save for the additional expenses that 

5accompany living with a disability; ABLE accounts help to 

6build health, quality of life, and independence for people 

7with disabilities while protecting federal benefits and 

8encouraging employment; and

9 WHEREAS, ABLE programs offer a diverse range of investment 

10options, tax-deferred growth, and withdrawals free of state 

11and federal taxes when those withdrawals are used for a broad 

12range of qualified disability expenses, including education, 

13job coaching, transportation, accessible equipment, health and 

14wellness, and assistive technology; and

15 WHEREAS, In 2016, the Illinois General Assembly passed the 

16enabling legislation for the Senator Scott Bennett Illinois 

17Achieving a Better Life Experience account program (Illinois 

18ABLE) to create a pathway to greater financial independence 

19for Illinoisans with disabilities and their families; and

20 WHEREAS, The State Treasurer's Office serves as the 

21trustee and administrator for the Illinois ABLE program, and 

22currently, more than 7,100 Illinois ABLE accounts have been 

SR0257- 2 -LRB104 13230 ECR 25401 r

1opened with more than $101 million contributed since the 

2launch of the program in January 2017; and

3 WHEREAS, The Illinois ABLE program has helped Illinoisans 

4with disabilities and their families pay for approximately $40 

5million in qualified disability expenses to build greater 

6self-sufficiency and to help meet the needs of individuals who 

7live with disabilities in Illinois; and

8 W