H.R. 1897 · 115th Congress
ABLE Financial Planning Act
- Stage
- In committee
- Sponsor
- Cathy McMorris Rodgers
- Introduced
- 2017-04-04
- Latest action
- 2017-04-04 · 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. (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.)