Legislative Analysis
ABLE PROGRAM INTERNAL REVENUE CODE DEFINITION Phone: (517) 373-8080
http://www.house.mi.gov/hfa
House Bill 5781 as introduced Analysis available at
Sponsor: Rep. Sharon MacDonell http://www.legislature.mi.gov
Committee: Families, Children and Seniors
Complete to 6-17-24
SUMMARY:
House Bill 5781 would amend the Michigan Achieving a Better Life Experience (ABLE)
Program Act to revise the definition of internal revenue code that applies when that term is
used in the act.
Currently, internal revenue code means the United States Internal Revenue Code of 1986 in
effect on January 1, 2015, or, at the option of the taxpayer, in effect for the current year.
Under the bill, internal revenue code would mean the United States Internal Revenue Code of
1986 in effect on January 1, 2024, or, at the option of the taxpayer, in effect for the current
year.
MCL 206.982
FISCAL IMPACT:
The bill would have no direct fiscal impact on state or local government. The provisions of the
bill would reflect updated federal ABLE account regulations.
Legislative Analyst: E. Best
Fiscal Analyst: Benjamin Gielczyk
■ This analysis was prepared by nonpartisan House Fiscal Agency staff for use by House members in their
deliberations, and does not constitute an official statement of legislative intent.
House Fiscal Agency Page 1 of 1


Statutes affected:
House Introduced Bill: 206.982