S. 2704
Referred to CommitteeABLE Age Adjustment Act
Introduced 3/17/2016•114th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
3/17/2016 • Senate
Summary
ABLE Age Adjustment Act
This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the threshold for eligibility for such programs from age 26 to age 46. (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.)
Introduced in Senate • 3/17/2016
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Topics & Subjects
Policy Area: Taxation
Bank accounts, deposits, capitalDisability and paralysisIncome tax exclusion
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (6)
Party Breakdown
5
Democrats
1
Republicans
0
Independents
Sponsor
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Cosponsors (5)
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Bill Journey
Originated in the Senate
Introduced
March 17, 2016
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate3/17/2016