ABLE Financial Planning Act

S 816 ABLE Financial Planning Act

US Congress 115th Congress

ABLE Financial Planning Act
S.816

About S.816

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.)

  

Bill Texts

Introduced 04/17/2017

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Sponsors (7)

Sen. Robert Casey


Primary Sponsor

Sen. Amy Klobuchar


Co-Sponsor

Sen. Jeff Merkley


Co-Sponsor

Sen. Richard Burr


Co-Sponsor

Sen. Sherrod Brown


Co-Sponsor

Sen. Chris Van Hollen


Co-Sponsor

Sen. Pat Toomey


Co-Sponsor

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History

Read Twice And Referred To The Committee On Finance.

04/04/2017

Subject(s)

Taxation Bank Accounts, Deposits, Capital Disability And Paralysis Higher Education Income Tax Exclusion Student Aid And College Costs