S. 816
Referred to CommitteeABLE Financial Planning Act
Introduced 4/4/2017•115th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
4/4/2017 • Senate
Summary
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.)
Introduced in Senate • 4/4/2017
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Topics & Subjects
Policy Area: Taxation
Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (8)
Party Breakdown
6
Democrats
2
Republicans
0
Independents
Sponsor
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Cosponsors (7)
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Bill Journey
Originated in the Senate
Introduced
April 4, 2017
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 Senate4/4/2017