Bill115th CongressFiled Apr 4, 2017Taxation
S. 818
ABLE to Work Act of 2017
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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What it doesSummary introduced in senate (Apr 4, 2017)
ABLE to Work Act of 2017
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 additional 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 happenedApr 4, 2017
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Burr, Richard [R-NC](R-NC)Sponsor
15 cosponsors8 D7 R
15cosponsors1committees2actions2related bills5subjects
- Introduced in SenateApr 4, 2017
- Apr 4, 2017IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 4, 2017IntroReferral10000
Introduced in Senate