Pipeline · Bill → Law
Step 1
Introduced
Jun 13, 2024
Step 2
Referred
Jun 13, 2024
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill makes permanent three tax provisions relating to ABLE (Achieving a Better Life Experience) Accounts established to assist disabled individuals, specifically provisions allowing increased contributions to such accounts, the allowance of a retirement savings contribution tax credit up to $1,000, and allowing a tax-free rollover from a qualified tuition (529 plan) to an ABLE account.
Timeline · 2 actions
Jun 13, 2024
Introduced in Senate
Jun 13, 2024
Read twice and referred to the Committee on Finance.