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SB 556

Individual income tax: other; MiAble fund; create. Amends 2015 PA 160 (MCL 206.981 - 206.997) by adding sec. 3a. TIE BAR WITH: SB 555'25

2025-2026 Regular Session Introduced by Mark Huizenga and 1 co-sponsor

Michigan proposes creating a MiAble fund through tax code amendments to provide tax-advantaged savings accounts for individuals with disabilities, pending companion legislation details.

REFERRED TO COMMITTEE ON HOUSING AND HUMAN SERVICES
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Bill Summary · SB 556

Legislative bill overview

SB 556 proposes to amend Michigan's income tax law by creating a "MiAble fund" mechanism, tied to companion bill SB 555. The bill adds Section 3a to the 2015 PA 160 legislation that governs Michigan's tax code. Specific details about the fund's structure, purpose, and revenue allocation are not fully outlined in this introductory summary.

Why is this important

ABLE accounts are federal tax-advantaged savings programs designed to help individuals with disabilities and their families save money without losing eligibility for means-tested benefits like SSI and Medicaid. A state-level MiAble fund could expand access to these accounts or create complementary state benefits, directly affecting financial security for Michigan residents with disabilities and their households.

Potential points of contention

  • Funding mechanism unclear — Without seeing the tied bill (SB 555), the revenue source for this fund is unknown; it could involve tax credits, appropriations, or redirected revenue that may face fiscal scrutiny
  • Eligibility and benefit structure — Questions remain about who qualifies, contribution limits, permitted uses, and whether state funds supplement federal ABLE programs or create a separate system
  • Administrative costs — Establishing and managing a state fund requires infrastructure and ongoing expenses that could be debated as wasteful or necessary investment

Compiled from official sources — confirm details with the bill’s official record.

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