Bill114th CongressFiled Mar 17, 2016Taxation
S. 2703
ABLE Financial Planning Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 17, 2016)
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 and from qualified ABLE programs to qualified tuition 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.)
What just happenedMar 17, 2016
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Casey, Robert P., Jr. [D-PA](D-PA)Sponsor
5 cosponsors4 D1 R
5cosponsors1committees2actions2related 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