US SB818 | 2017-2018 | 115th Congress

Status

Spectrum: Bipartisan Bill
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 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.

Tracking Information

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Title

ABLE to Work Act of 2017

Sponsors


History

DateChamberAction
2017-04-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1896 (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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