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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Employee benefits and pensionsEmployment taxesHealth care costs and insuranceHealth care coverage and access
STABLE Act
USA116th CongressHR-4795| House
| Updated: 10/22/2019
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.