HR 4795 116th Congress House Taxation Employee benefits and pensions Employment taxes Health care costs and insurance Health care coverage and access

STABLE Act

Introduced: October 22, 2019 Introduced by: Slotkin, Elissa Democratic · Michigan See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 22, 2019

Referred to the House Committee on Ways and Means.

Oct 22, 2019

Introduced in House

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Plain-English summary Congressional Research Service

Saving To Achieve a Better Life Experience Act of 2019 or the STABLE Act

This bill treats any amount contributed by an employer to an employee's ABLE (Achieving a Better Life Experience) Account as employer-provided coverage for medical expenses under an accident or health plan, subject to certain contribution limits. Such contributions are excluded from an employee's gross income, for income tax purposes. It also imposes a tax on employers who fail to make required contributions.

What's happening now October 22, 2019

Referred to the House Committee on Ways and Means.

Bill text 1 version