To amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.
ABLE Financial Planning Act
This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)
Became Public Law No: 115-97.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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