North Carolina legislation · 2025-2026 Session
North Carolina S101: Protect Tax-Advantaged Accts. & Living Donors.
Status: In committee, June 26, 2025
What the bill says
An act to increase protections for funds held in education savings and investment accounts and able accounts from claims of creditors and other judgments.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO INCREASE PROTECTIONS FOR FUNDS HELD IN EDUCATION SAVINGS AND INVESTMENT ACCOUNTS AND ABLE ACCOUNTS FROM CLAIMS OF CREDITORS AND OTHER JUDGMENTS. The General Assembly of North Carolina enacts: SECTION 1.(a) Article 16 of Chapter 1C of the General Statutes is amended by adding the following new section to read: "§ 1C-1601.5. Certain tax-advantaged accounts exempt. (a) For purposes of this section, the following definitions shall apply: (1) Qualifying account. - Any of the following: a. An education savings and investment plan account qualified under section 529 of the Internal Revenue Code. b. An ABLE account qualified under section 529A of the Internal Revenue Code. (2) Qualifying purpose. - Any of the following: a. For education savings and investment plan accounts, any purpose permitted under section 529 of the Internal Revenue Code. b. For ABLE accounts, any purpose permitted under section 529A of the Internal Revenue Code. (b) Notwithstanding any other provision of law, including G.S. 1C-1601(e), funds located in a qualifying account or withdrawn from the account and used for a qualifying purpose shall not be subject to liens, attachment, garnishment, levy, seizure, any involuntary sale or assignment by operation or execution of law, or the enforcement of any other judgment or claim to pay any debt or liability of any account …
Sponsors
- Jones, Dana (R, 31) · primary sponsor
- Newton, Paul (R, 34) · primary sponsor
- Lee, Michael V. (R, 7) · primary sponsor
- Daniel, Warren (R, 46)
- Galey, Amy S. (R, 25)
- McInnis, Tom (R, 21)
- Moffitt, Timothy D. (R, 48)
- Sawrey, Benton G. (R, 10)
Latest actions
- : Ref To Com On Rules and Operations of the Senate
- : Special Message Received For Concurrence in H Com Sub
- : Special Message Sent To Senate
- : Passed 3rd Reading
- : Passed 2nd Reading
- : Added to Calendar
- : Cal Pursuant Rule 36(b)
- : Reptd Fav
- : Re-ref Com On Rules, Calendar, and Operations of the House
- : Reptd Fav Com Substitute
Votes
- Protect Tax-Advantaged Accounts and Living Donors. Second Reading (June 25, 2025): 110 yea, 0 nay, passed
- Protect Certain Tax-Advantaged Accounts. Second Reading (April 3, 2025): 45 yea, 0 nay, passed
Subjects: HUMAN RESOURCES OFFICE, EDUCATION, GOVERNMENT EMPLOYEES, EMPLOYMENT, ORGAN DONATIONS, STATE EMPLOYEES, DISCRIMINATION, HEALTH SERVICES
Common questions
- What is S101?
- S101 is a bill in the North Carolina Legislature (2025-2026 Session): Protect Tax-Advantaged Accts. & Living Donors.
- What does S101 do?
- In its own words: An act to increase protections for funds held in education savings and investment accounts and able accounts from claims of creditors and other judgments.
- What is the status of S101?
- In committee as of June 26, 2025. Latest action: Ref To Com On Rules and Operations of the Senate (June 26, 2025).
- Who sponsored S101?
- Jones, Dana (R, 31), with 7 co-sponsors.
- Where is the official record for S101?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S101
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.