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ABLE MATCH (Making Able a Tool to Combat Hardship) Act

USA118th CongressS-2522| Senate 
| Updated: 7/26/2023
Robert P. Casey

Robert P. Casey

Democratic Senator

Pennsylvania

Cosponsors (4)
Tammy Duckworth (Democratic)Amy Klobuchar (Democratic)Bernard Sanders (Independent)Ron Wyden (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
ABLE MATCH (Making Able a Tool to Combat Hardship) Act This bill allows beneficiaries of ABLE (Achieving a Better Life Experience) accounts a refundable tax credit to match their contributions to such accounts. The amount of such credit may not exceed $2,000. The bill also requires demographic reporting (e.g., race, gender, disability type) with respect to ABLE accounts and directs the Department of the Treasury to award grants to states for promoting such accounts and for making matching payments of contributions to such accounts.
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Timeline
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Finance.
Aug 1, 2023

Latest Companion Bill Action

HR 118-5102
Introduced in House
  • July 26, 2023
    Introduced in Senate


  • July 26, 2023
    Read twice and referred to the Committee on Finance.


  • August 1, 2023

    Latest Companion Bill Action

    HR 118-5102
    Introduced in House

Taxation

Related Bills

  • HR 118-5102: ABLE MATCH (Making Able a Tool to Combat Hardship) Act

ABLE MATCH (Making Able a Tool to Combat Hardship) Act

USA118th CongressS-2522| Senate 
| Updated: 7/26/2023
ABLE MATCH (Making Able a Tool to Combat Hardship) Act This bill allows beneficiaries of ABLE (Achieving a Better Life Experience) accounts a refundable tax credit to match their contributions to such accounts. The amount of such credit may not exceed $2,000. The bill also requires demographic reporting (e.g., race, gender, disability type) with respect to ABLE accounts and directs the Department of the Treasury to award grants to states for promoting such accounts and for making matching payments of contributions to such accounts.
View Full Text

Suggested Questions

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

Timeline
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Finance.
Aug 1, 2023

Latest Companion Bill Action

HR 118-5102
Introduced in House
  • July 26, 2023
    Introduced in Senate


  • July 26, 2023
    Read twice and referred to the Committee on Finance.


  • August 1, 2023

    Latest Companion Bill Action

    HR 118-5102
    Introduced in House
Robert P. Casey

Robert P. Casey

Democratic Senator

Pennsylvania

Cosponsors (4)
Tammy Duckworth (Democratic)Amy Klobuchar (Democratic)Bernard Sanders (Independent)Ron Wyden (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 118-5102: ABLE MATCH (Making Able a Tool to Combat Hardship) Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted