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H.R. 1897

ABLE Financial Planning Act

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.)

Referred to the House Committee on Ways and Means.

Rep. McMorris Rodgers, Cathy [R-WA-5](R-WA)Sponsor
39 cosponsors17 D22 R
39cosponsors1committees3actions3related bills5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

ABLE Financial Planning Act — Informed