HR 4794
114th Congress
House
Taxation
Bank accounts, deposits, capital
Disability and paralysis
Higher education
Income tax exclusion
Student aid and college costs
ABLE Financial Planning Act
Introduced: March 17, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2016
Referred to the House Committee on Ways and Means.
Mar 17, 2016
Introduced in House
Plain-English 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.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1