S 651
116th Congress
Senate
Taxation
Bank accounts, deposits, capital
Disability and paralysis
Income tax exclusion
ABLE Age Adjustment Act
Introduced: March 5, 2019
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 5, 2019
Read twice and referred to the Committee on Finance.
Mar 5, 2019
Introduced in Senate
Plain-English summary
ABLE Age Adjustment Act
This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1