US SB818 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 4 2017 - 25% progression, died in committee
Action: 2017-04-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 4 2017 - 25% progression, died in committee
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.
Title
ABLE to Work Act of 2017
Sponsors
Sen. Richard Burr [R-NC] | Sen. Robert Casey [D-PA] | Sen. Chris Van Hollen [D-MD] | Sen. Jerry Moran [R-KS] |
Sen. Sherrod Brown [D-OH] | Sen. Tom Cotton [R-AR] | Sen. Pat Toomey [R-PA] | Sen. Amy Klobuchar [D-MN] |
Sen. Edward Markey [D-MA] | Sen. Elizabeth Warren [D-MA] | Sen. Susan Collins [R-ME] | Sen. Thom Tillis [R-NC] |
Sen. John Kennedy [R-LA] | Sen. Mike Rounds [R-SD] | Sen. Christopher Murphy [D-CT] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2017-04-04 | Senate | Read 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.
SB1 (Related) 2017-11-28 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.
Subjects
Bank accounts, deposits, capital
Disability and paralysis
Employee benefits and pensions
Income tax credits
Income tax exclusion
Taxation
Disability and paralysis
Employee benefits and pensions
Income tax credits
Income tax exclusion
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/818/all-info |
Text | https://www.congress.gov/115/bills/s818/BILLS-115s818is.pdf |