ABLE Age Adjustment Act
USA117th CongressS-331| Senate
| Updated: 2/22/2021
Robert P. Casey
Democratic Senator
Pennsylvania
Cosponsors (22)
Tammy Duckworth (Democratic)Roger Marshall (Republican)Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Richard J. Durbin (Democratic)Jack Reed (Democratic)Jerry Moran (Republican)Alex Padilla (Democratic)Christopher A. Coons (Democratic)Thomas R. Carper (Democratic)Amy Klobuchar (Democratic)John Boozman (Republican)Tim Kaine (Democratic)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Benjamin L. Cardin (Democratic)Patrick Toomey (Republican)Ron Wyden (Democratic)Richard Blumenthal (Democratic)Lisa Murkowski (Republican)Richard Burr (Republican)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
ABLE Age Adjustment Act This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Bank accounts, deposits, capitalDisability and paralysisIncome tax exclusion
ABLE Age Adjustment Act
USA117th CongressS-331| Senate
| Updated: 2/22/2021
ABLE Age Adjustment Act This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Robert P. Casey
Democratic Senator
Pennsylvania
Cosponsors (22)
Tammy Duckworth (Democratic)Roger Marshall (Republican)Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Richard J. Durbin (Democratic)Jack Reed (Democratic)Jerry Moran (Republican)Alex Padilla (Democratic)Christopher A. Coons (Democratic)Thomas R. Carper (Democratic)Amy Klobuchar (Democratic)John Boozman (Republican)Tim Kaine (Democratic)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Benjamin L. Cardin (Democratic)Patrick Toomey (Republican)Ron Wyden (Democratic)Richard Blumenthal (Democratic)Lisa Murkowski (Republican)Richard Burr (Republican)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalDisability and paralysisIncome tax exclusion