Senate Bill 816
115th Congress(2017-2018)
ABLE Financial Planning Act
Introduced
Introduced in Senate on Apr 4, 2017
Origin Chamber
Senate
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
816
Congress
115
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 Senate votes have been held for this bill.
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.)
April 4, 2017
04/04/2017
Read twice and referred to the Committee on Finance.
04/04/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:37:00 PM