Bill
Bill > S4541
summary
Introduced
06/13/2024
06/13/2024
In Committee
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
AI Summary
This bill, the Ensuring Nationwide Access to a Better Life Experience Act (ENABLE Act), proposes to make certain provisions regarding qualified ABLE (Achieving a Better Life Experience) programs permanent in the Internal Revenue Code of 1986. Specifically, it would permanently extend the increased contribution limits to ABLE accounts and the allowance of the Saver's Credit for contributions to ABLE accounts. Additionally, the bill would permanently extend the ability to rollover funds from 529 college savings programs to ABLE programs. These changes aim to provide individuals with disabilities and their families with more financial flexibility and security when planning for the future.
Sponsors (2)
Last Action
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419. (on 06/17/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/4541/all-info |
| BillText | https://www.congress.gov/118/bills/s4541/BILLS-118s4541pcs.pdf |
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