US SB2703 | 2015-2016 | 114th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on March 17 2016 - 25% progression, died in committee
Action: 2016-03-17 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs and from qualified ABLE programs to qualified tuition programs. (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.)

Tracking Information

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Title

ABLE Financial Planning Act

Sponsors


History

DateChamberAction
2016-03-17SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB4794 (Same As) 2016-03-17 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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