To amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.
USA115th CongressHR-1897| House
| Updated: 4/4/2017
Cathy McMorris Rodgers
Republican Representative
Washington
Cosponsors (39)
Steve Chabot (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)John Katko (Republican)Gregg Harper (Republican)Jared Huffman (Democratic)Stephanie N. Murphy (Democratic)Mark Pocan (Democratic)James R. Langevin (Democratic)Joyce Beatty (Democratic)Steve Stivers (Republican)Terri A. Sewell (Democratic)Eric Swalwell (Democratic)Pete Sessions (Republican)Greg Walden (Republican)Tony Cárdenas (Democratic)Scott H. Peters (Democratic)Bruce Poliquin (Republican)Vicente Gonzalez (Democratic)James B. Renacci (Republican)Luke Messer (Republican)Sean Patrick Maloney (Democratic)Patrick Meehan (Republican)Christopher H. Smith (Republican)John B. Larson (Democratic)David P. Joyce (Republican)Ryan A. Costello (Republican)James A. Himes (Democratic)Chris Collins (Republican)John H. Rutherford (Republican)David G. Valadao (Republican)Michael R. Turner (Republican)Maxine Waters (Democratic)Jeff Fortenberry (Republican)Brian K. Fitzpatrick (Republican)Seth Moulton (Democratic)Kevin Yoder (Republican)Bill Johnson (Republican)Brian Babin (Republican)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.)
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs
To amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.
USA115th CongressHR-1897| House
| Updated: 4/4/2017
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.)
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Cathy McMorris Rodgers
Republican Representative
Washington
Cosponsors (39)
Steve Chabot (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)John Katko (Republican)Gregg Harper (Republican)Jared Huffman (Democratic)Stephanie N. Murphy (Democratic)Mark Pocan (Democratic)James R. Langevin (Democratic)Joyce Beatty (Democratic)Steve Stivers (Republican)Terri A. Sewell (Democratic)Eric Swalwell (Democratic)Pete Sessions (Republican)Greg Walden (Republican)Tony Cárdenas (Democratic)Scott H. Peters (Democratic)Bruce Poliquin (Republican)Vicente Gonzalez (Democratic)James B. Renacci (Republican)Luke Messer (Republican)Sean Patrick Maloney (Democratic)Patrick Meehan (Republican)Christopher H. Smith (Republican)John B. Larson (Democratic)David P. Joyce (Republican)Ryan A. Costello (Republican)James A. Himes (Democratic)Chris Collins (Republican)John H. Rutherford (Republican)David G. Valadao (Republican)Michael R. Turner (Republican)Maxine Waters (Democratic)Jeff Fortenberry (Republican)Brian K. Fitzpatrick (Republican)Seth Moulton (Democratic)Kevin Yoder (Republican)Bill Johnson (Republican)Brian Babin (Republican)
Ways and Means Committee
Taxation
Related Bills
- S 115-816: A bill to amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.
- HR 115-1: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.
- S 115-1: An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs