US SB816 | 2017-2018 | 115th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on April 4 2017 - 25% progression
Action: 2017-04-04 - 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. (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
2017-04-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1897 (Same As) 2017-04-04 - Referred to the House Committee on Ways and Means.
SB1 (Related) 2017-11-28 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.

Subjects


US Congress State Sources


Bill Comments

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