Bill Details
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Title
ABLE Financial Planning Act
Official Title
A bill to amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.
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.)
bill Progress
- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
- senate Committees
Committee on FinanceIntroducedApril 4th, 2017
Taxes