GM 1250 Hawaii Senate · 2025 Regular Session

Informing the Legislature that on June 3, 2025, the Governor signed the following bill into law: SB479 SD1 HD1 CD1 (ACT 150).

This bill (SB 479, now Act 150) amends Hawaii's ABLE Savings Program law to streamline funding and boost participation. It repeals a provision allowing the director of finance to redirect ABLE program deposits and instead authorizes direct incentive payments to account owners to encourage savings. The law appropriates $75,000 for the trust fund, $13,000 for incentive payments, and $62,000 to fund a dedicated outreach position within the state council on developmental disabilities. These changes directly affect eligible individuals with disabilities who use Hawaii's ABLE program to save for qualified expenses without losing benefits. The law became effective upon the governor's signature on June 3, 2025.
Bill status introduced 1 of 4 stages cleared
Introduction
Jun 2025
Committee Review
Floor Vote
Governor
Introduced Jun 3, 2025 Last action Jun 3, 2025
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