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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1