S 2522
118th Congress
Senate
Taxation
ABLE MATCH (Making Able a Tool to Combat Hardship) Act
Introduced: July 26, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 26, 2023
Read twice and referred to the Committee on Finance.
Jul 26, 2023
Introduced in Senate
Plain-English summary
ABLE MATCH (Making Able a Tool to Combat Hardship) Act
This bill allows beneficiaries of ABLE (Achieving a Better Life Experience) accounts a refundable tax credit to match their contributions to such accounts. The amount of such credit may not exceed $2,000.
The bill also requires demographic reporting (e.g., race, gender, disability type) with respect to ABLE accounts and directs the Department of the Treasury to award grants to states for promoting such accounts and for making matching payments of contributions to such accounts.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1