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US HR1874

US HR1874
ABLE Age Adjustment Act


summary

Introduced
04/04/2017
In Committee
04/04/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

ABLE Age Adjustment Act This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the age threshold for eligibility for such programs from 26 to 46. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)

AI Summary

This bill amends the Internal Revenue Code to increase the age threshold for eligibility for qualified ABLE (Achieving a Better Life Experience) programs from 26 to 46. ABLE accounts are tax-favored savings accounts designed to help individuals with disabilities pay for disability-related expenses. The bill's changes would expand eligibility for these accounts to individuals with disabilities who are up to 46 years old, rather than the previous limit of 26 years old.

Committee Categories

Budget and Finance

Sponsors (43)

Tony Cárdenas (D)* Joyce Beatty (D),  Earl Blumenauer (D),  Suzanne Bonamici (D),  Julia Brownley (D),  Yvette Clarke (D),  Steve Cohen (D),  Ryan Costello (R),  Brian Fitzpatrick (R),  Ruben Gallego (D),  Vicente Gonzalez (D),  Jim Himes (D),  Jared Huffman (D),  Randy Hultgren (R),  Bill Johnson (R),  Dave Joyce (R),  Marcy Kaptur (D),  John Katko (R),  James Langevin (D),  John Larson (D),  Zoe Lofgren (D),  Michelle Lujan Grisham (D),  Sean Maloney (D),  Betty McCollum (D),  Cathy McMorris Rodgers (R),  Patrick Meehan (R),  Luke Messer (R),  Joe Morelle (D),  Seth Moulton (D),  Eleanor Holmes Norton (D),  Tom O'Halleran (D),  Scott Peters (D),  Mark Pocan (D),  Bruce Poliquin (R),  Jamie Raskin (D),  Tim Ryan (D),  José Serrano (D),  Pete Sessions (R),  Chris Smith (R),  Steve Stivers (R),  Eric Swalwell (D),  Mike Turner (R),  Kevin Yoder (R), 

Last Action

Referred to the House Committee on Ways and Means. (on 04/04/2017)

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