summary
Introduced
04/04/2017
04/04/2017
In Committee
04/04/2017
04/04/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.
AI Summary
This bill, the ABLE to Work Act of 2017, amends the Internal Revenue Code to allow individuals with disabilities to contribute additional funds to their ABLE accounts (tax-exempt savings accounts for persons with a disability) if they are employed and earn income. Specifically, it allows ABLE account beneficiaries to contribute the lesser of their compensation or an amount equal to the federal poverty line for a one-person household, in addition to the regular annual contribution limit. The bill also provides a retirement savings tax credit for contributions made to an ABLE account.
Committee Categories
Budget and Finance
Sponsors (50)
Cathy McMorris Rodgers (R)*,
Brian Babin (R),
Don Bacon (R),
Joyce Beatty (D),
Michael Burgess (R),
Bradley Byrne (R),
Tony Cárdenas (D),
Steve Chabot (R),
Chris Collins (R),
Ryan Costello (R),
Rodney Davis (R),
Brian Fitzpatrick (R),
Jeff Fortenberry (R),
Vicente Gonzalez (D),
Gregg Harper (R),
Jim Himes (D),
Jared Huffman (D),
Bill Johnson (R),
Dave Joyce (R),
Marcy Kaptur (D),
John Katko (R),
James Langevin (D),
John Larson (D),
Blaine Luetkemeyer (R),
Sean Maloney (D),
Patrick Meehan (R),
Luke Messer (R),
Seth Moulton (D),
Stephanie Murphy (D),
Kristi Noem (R),
Eleanor Holmes Norton (D),
Tom O'Halleran (D),
Erik Paulsen (R),
Scott Peters (D),
Mark Pocan (D),
Bruce Poliquin (R),
James Renacci (R),
John Rutherford (R),
F. James Sensenbrenner (R),
Pete Sessions (R),
Chris Smith (R),
Steve Stivers (R),
Eric Swalwell (D),
Mike Turner (R),
David Valadao (R),
Greg Walden (R),
Maxine Waters (D),
Bonnie Watson Coleman (D),
Brad Wenstrup (R),
Kevin Yoder (R),
Last Action
Referred to the House Committee on Ways and Means. (on 04/04/2017)
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/115th-congress/house-bill/1896/all-info |
| BillText | https://www.congress.gov/115/bills/hr1896/BILLS-115hr1896ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr1896/BILLS-115hr1896ih.pdf.pdf |
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