S 4539 118th Congress Senate Taxation

ENABLE Act

Introduced: June 13, 2024 Introduced by: Schmitt, Eric Republican · Missouri See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 13, 2024

Read twice and referred to the Committee on Finance.

Jun 13, 2024

Introduced in Senate

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Plain-English summary Congressional Research Service

Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act

This bill makes permanent three tax provisions relating to ABLE (Achieving a Better Life Experience) Accounts established to assist disabled individuals, specifically provisions allowing increased contributions to such accounts, the allowance of a retirement savings contribution tax credit up to $1,000, and allowing a tax-free rollover from a qualified tuition (529 plan) to an ABLE account.

What's happening now June 13, 2024

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version