S. 4541 · 118th Congress
ENABLE Act
- Stage
- Introduced
- Sponsor
- Eric Schmitt
- Introduced
- 2024-06-13
- Latest action
- 2024-06-17 · Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419.
Summary
Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act
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.