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

United States115th CongressS-816Senate
Updated: Apr 4, 2017

Summary

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.)

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

All available records shown.

Timeline

  1. Read twice and referred to the Committee on Finance.

    Senate

  2. Introduced in Senate

All available records shown.