S 2704
114th Congress
Senate
Taxation
Bank accounts, deposits, capital
Disability and paralysis
Income tax exclusion
ABLE Age Adjustment 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
Read twice and referred to the Committee on Finance.
Mar 17, 2016
Introduced in Senate
Plain-English summary
ABLE Age Adjustment Act
This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the threshold for eligibility for such programs from age 26 to age 46. (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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1