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A bill to amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.

USA115th CongressS-816| Senate 
| Updated: 4/4/2017
Robert P. Casey

Robert P. Casey

Democratic Senator

Pennsylvania

Cosponsors (7)
Amy Klobuchar (Democratic)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Al Franken (Democratic)Jeff Merkley (Democratic)Patrick Toomey (Republican)Richard Burr (Republican)

Finance 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
Apr 4, 2017

Latest Companion Bill Action

HR 115-1897
Introduced in House
Apr 4, 2017
Introduced in Senate
Apr 4, 2017
Read twice and referred to the Committee on Finance.
  • April 4, 2017

    Latest Companion Bill Action

    HR 115-1897
    Introduced in House
  • April 4, 2017
    Introduced in Senate
  • April 4, 2017
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • 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.
  • HR 115-1897: To amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.
Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs

A bill to amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.

USA115th CongressS-816| Senate 
| 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 Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 4, 2017

Latest Companion Bill Action

HR 115-1897
Introduced in House
Apr 4, 2017
Introduced in Senate
Apr 4, 2017
Read twice and referred to the Committee on Finance.
  • April 4, 2017

    Latest Companion Bill Action

    HR 115-1897
    Introduced in House
  • April 4, 2017
    Introduced in Senate
  • April 4, 2017
    Read twice and referred to the Committee on Finance.
Robert P. Casey

Robert P. Casey

Democratic Senator

Pennsylvania

Cosponsors (7)
Amy Klobuchar (Democratic)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Al Franken (Democratic)Jeff Merkley (Democratic)Patrick Toomey (Republican)Richard Burr (Republican)

Finance Committee

Taxation

Related Bills

  • 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.
  • HR 115-1897: To amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs