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New law creates tax-free savings accounts for disabled Georgians
Lee Hawkins
State Rep. Lee Hawkins, R-Gainesville
Disabled Georgians will have access to tax-free savings accounts after the creation of Georgia STABLE. The program offers 401(k)-style accounts that are exempt from state and federal taxes if used for education, health care, housing and transportation, according to a Wednesday announcement from Gov. Nathan Deal’s office. STABLE is modeled on federal legislation and will be managed by the Georgia Achieving a Better Life Experience Program Corp., a state-chartered organization created in 2016 through legislation sponsored by state Rep. Lee Hawkins, R-Gainesville.