Bill118th CongressFiled Jun 13, 2024Taxation
S. 4539
ENABLE Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 13, 2024)
Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act
This bill makes permanent three tax provisions relating to ABLE (Achieving a Better Life Experience) Accounts established to assist disabled individuals, specifically provisions allowing increased contributions to such accounts, the allowance of a retirement savings contribution tax credit up to $1,000, and allowing a tax-free rollover from a qualified tuition (529 plan) to an ABLE account.
What just happenedJun 13, 2024
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Schmitt, Eric [R-MO](R-MO)Sponsor
22 cosponsors13 D9 R
22cosponsors1committees2actions2related bills
- Introduced in SenateJun 13, 2024
- Jun 13, 2024IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 13, 2024IntroReferral10000
Introduced in Senate