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 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 years old. ABLE accounts are tax-favored savings accounts designed to help individuals with disabilities save for and pay for disability-related expenses. The amendments made by this bill will apply to taxable years beginning after the date of the bill's enactment.
Committee Categories
Budget and Finance
Sponsors (14)
Bob Casey (D)*,
Tammy Baldwin (D),
Richard Blumenthal (D),
Sherrod Brown (D),
Richard Burr (R),
Tammy Duckworth (D),
Kirsten Gillibrand (D),
Maggie Hassan (D),
Amy Klobuchar (D),
Pat Roberts (R),
Pat Toomey (R),
Chris Van Hollen (D),
Elizabeth Warren (D),
Sheldon Whitehouse (D),
Last Action
Read twice and referred to the Committee on Finance. (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/senate-bill/817/all-info |
| BillText | https://www.congress.gov/115/bills/s817/BILLS-115s817is.pdf |
| Bill | https://www.congress.gov/115/bills/s817/BILLS-115s817is.pdf.pdf |
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