STABLE Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 22, 2019)
Saving To Achieve a Better Life Experience Act of 2019 or the STABLE Act
This bill treats any amount contributed by an employer to an employee's ABLE (Achieving a Better Life Experience) Account as employer-provided coverage for medical expenses under an accident or health plan, subject to certain contribution limits. Such contributions are excluded from an employee's gross income, for income tax purposes. It also imposes a tax on employers who fail to make required contributions.
What just happenedOct 22, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseOct 22, 2019
- Oct 22, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 22, 2019IntroReferralIntro-H
Introduced in House
- Oct 22, 2019IntroReferral1000
Introduced in House