• Sun. May 9th, 2021

Nevada Governor Sisolak Signs Assembly Bill 62

Nevada Governor Sisolak Signs Assembly Bill 62

NV (STL.News) Nevada Governor Steve Sisolak signed Assembly Bill 62.  He was joined by Treasurer Zach Conine and Senior Deputy Treasurer Erik Jimenez, from the Nevada State Treasurer’s Office.

“I would like to thank Treasurer Conine and his team, including Erik Jimenez, for leading the charge on this important program that will provide Nevadans with disabilities opportunities for financial independence by enabling them to create tax-advantaged savings accounts,” said Governor Sisolak.  “This bill helps take our State one step further in the right direction as we continue to expand programs and services to better address the needs of Nevadans living with disabilities.”

Assembly Bill 62 authorizes the Nevada State Treasurer’s Office to create regulations for ABLE accounts to incentivize the opening of new accounts, and regular deposits.  This will allow the Treasurer’s Office to seek out gifts, grants, and donations to carry out the ABLE program. This will allow the Treasurer’s Office to provide seed funding for people with disabilities to open an ABLE Account, a tax-advantaged savings account that can fund disability expenses – the first state in the nation to do so.

Maryam Shah

Maryam Shah

Maryam Shah is a teacher, mother, and wife. She is dedicated to publishing news provided by the US Department of State, State Governors, and more. She constantly monitors the web for the latest news updates, quickly publishing stories to help keep the public informed.