Bill114th CongressFiled Mar 17, 2016Taxation
S. 2702
ABLE to Work Act of 2016
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 17, 2016)
ABLE to Work Act of 2016
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 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.
What just happenedMar 17, 2016
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Burr, Richard [R-NC](R-NC)Sponsor
9 cosponsors6 D3 R
9cosponsors1committees2actions1related bills5subjects
- Introduced in SenateMar 17, 2016
- Mar 17, 2016IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 17, 2016IntroReferral10000
Introduced in Senate