House Bill 4795
116th Congress(2019-2020)
STABLE Act
Introduced
Introduced in House on Oct 22, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4795
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Saving To Achieve a Better Life Experience Act of 2019 or the STABLE Act
This bill treats any amount contributed by an employer to an employee's ABLE (Achieving a Better Life Experience) Account as employer-provided coverage for medical expenses under an accident or health plan, subject to certain contribution limits. Such contributions are excluded from an employee's gross income, for income tax purposes. It also imposes a tax on employers who fail to make required contributions.
October 22, 2019
10/22/2019
Referred to the House Committee on Ways and Means.
10/22/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:17:47 AM