H.R. 4794 · 114th Congress
ABLE Financial Planning Act
- Stage
- In committee
- Sponsor
- Ander Crenshaw
- Introduced
- 2016-03-17
- Latest action
- 2016-03-17 · Introduced in House
Summary
ABLE Financial Planning Act
This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs and from qualified ABLE programs to qualified tuition programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)