Checked
ENABLE Act
S. 4539, 118th Congress
- Status
- In committee
- Introduced
- 06/13/2024
- Cosponsors
- 22
- Latest action
- 06/13/2024
About this bill
- Official title
- ENABLE Act
- Sponsor
- Eric Schmitt (R-MO)
- Introduced in
- Senate
- Policy area
- Taxation
- Committees
- Finance Committee
- Latest action
- Read twice and referred to the Committee on Finance.
Summary
Congressional Research Service, Introduced in Senate (06/13/2024)
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.
Actions
Newest first
- 06/13/2024 · Senate
Read twice and referred to the Committee on Finance.
- 06/13/2024
Introduced in Senate
Source: U.S. Government Publishing Office, GovInfo Bill Status; Congressional Research Service summaries · Last updated 06/13/2024