Pipeline · Bill → Law
Step 1
Introduced
Jul 26, 2023
Step 2
Referred
Jul 26, 2023
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Finance.