A bill to amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
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.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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