Politiparty
Politiparty

118th Congress Taxation

S. 4541: ENABLE Act

Ensuring Nationwide Access to a Better Life Experience Act

Introduced

  1. Introduced (completed)Jun 13, 2024
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jun 13, 2024

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Eric Schmitt R-MO SponsorIntroduced, drew cross-party cosponsors2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Eric Schmitt

History

  1. Jun 13, 2024Introduced in the Senate by Eric Schmitt.
Show the full action history (3 actions)
  1. Jun 17, 2024Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419.
  2. Jun 13, 2024Introduced in Senate
  3. Jun 13, 2024Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.