118th Congress · SENATE BILLBILL

S. 4541Ensuring Nationwide Access to a Better Life Experience Act

A bill to amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.

Taxation
Introduced Jun 13, 2024
Last action Jun 17, 2024
Pipeline · Bill → Law
Step 1
Introduced
Jun 13, 2024
Step 2
Referred
Step 3
Committee
Step 4
Senate
Jun 17, 2024
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 program (529 plan) to an ABLE Account. 

Provisions · 0 sections
No provisions parsed for this bill.
Timeline · 3 actions
Jun 17, 2024
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419.
Jun 13, 2024
Introduced in Senate
Jun 13, 2024
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.