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Back to HB 496
Tennessee General Assembly· HB 496Transmitted to Governor for his action.

Treasurer, State - As enacted, removes the restriction that earnings in an achieving a better life experience account may only be expended for a student's education expenses; redefines "disability certification" and "eli, the official text

Shown verbatim: the complete text as captured from the official PDF posted by the Tennessee General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
~tate of ~ennessee

                         PUBLIC CHAPTER NO. 340

                                                  HOUSE BILL NO. 496

                                               By Representative Reedy

                                        Substituted for: Senate Bill No. 452

                                            By Senators Massey, Hatcher

         AN ACT to amend Tennessee Code Annotated, Section 71-4-803 and Section 71-4-806,
relative to the Achieving a Better Life Experience Act.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

          SECTION 1. Tennessee Code Annotated, Section 71-4-803, is amended by deleting
subdivisions (5) and (6) and substituting:

                    (5) "Disability certification" has the same meaning as provided in the code;

                    (6) "Eligible individual" has the same meaning as provided in the code. The
          eligible individual is the account owner and the designated beneficiary on the account;

          SECTION 2. Tennessee Code Annotated, Section 71-4-806(d), is amended by deleting
the subsection and substituting:

                    (d) Contributions from a student's individualized education account to an
          achieving a better life experience account for the benefit of the student may only be
          expended for the student's education expenses in accordance with this part, the rules
          promulgated pursuant to this part, and the code.

          SECTION 3. For purposes of promulgating rules, Section 1 of this act takes effect upon
becoming a law, the public welfare requiring it. For all other purposes, Section 1 of this act takes
effect on January 1, 2026, the public welfare requiring it. All remaining sections of this act take
effect upon becoming a law, the public welfare requiring it.
                 HOUSE BILL NO. 496

PASSED:  April 14, 2025

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                            CAMERON SEXTON, SPEAKER
                            HOUSE OF REPRESENTATIVES

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                                     R• ANDY MC~I
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                            SPEAKER OF THE SI:I

r APPROVED this  day of     VV7 ~    2025

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BILL LEE, GOVERNOR
Every fact on this page links to its source, starting with the official bill record.