S. 818
Referred to CommitteeABLE to Work Act of 2017
Latest Action
Read twice and referred to the Committee on Finance.
4/4/2017 • Senate
Summary
ABLE to Work Act of 2017
This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.
Introduced in Senate • 4/4/2017
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (16)
Party Breakdown
Sponsor
Cosponsors (15)
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