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 of up to $1,000 ($2,000 per married couple filing jointly) for contributions to an ABLE account, and allowing a tax-free rollover from a qualified tuition program (529 plan) to an ABLE account.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9614 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 9614
To amend the Internal Revenue Code of 1986 to make certain provisions
with respect to qualified ABLE programs permanent.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 17, 2024
Mr. Smucker (for himself, Mr. Beyer, Mrs. Rodgers of Washington, Mrs.
Dingell, Mr. Fitzpatrick, Ms. Norton, and Mr. Stauber) introduced the
following bill; which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to make certain provisions
with respect to qualified ABLE programs permanent.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Ensuring Nationwide Access to a
Better Life Experience Act'' or the ``ENABLE Act''.
SEC. 2. PERMANENT EXTENSION OF INCREASED CONTRIBUTIONS TO ABLE
ACCOUNTS.
(a) In General.--Section 529A(b)(2)(B)(ii) of the Internal Revenue
Code of 1986 is amended by striking ``before January 1, 2026''.
(b) Allowance of Savers Credit.--Section 25B(d)(1) of the Internal
Revenue Code of 1986, as amended by section 103(e)(1) of the SECURE 2.0
Act of 2022, is amended by striking ``before January 1, 2026,''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after the date of the enactment of
this Act.
SEC. 3. PERMANENT EXTENSION OF ROLLOVERS TO ABLE PROGRAMS FROM 529
PROGRAMS.
(a) In General.--Section 529(c)(3)(C)(i)(III) of the Internal
Revenue Code of 1986 is amended by striking ``before January 1,
2026,''.
(b) Effective Date.--The amendment made by this section shall apply
to distributions made after the date of the enactment of this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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