ABLE MATCH (Making Able a Tool to Combat Hardship) Act
United States118th CongressS-2522Senate
Updated: Jul 26, 2023
Summary
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.
Bill texts
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Timeline
Latest companion bill action
HR-5102: ABLE MATCH (Making Able a Tool to Combat Hardship) ActIntroduced in House
Read twice and referred to the Committee on Finance.
Senate
Introduced in Senate
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