US HB1896 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 32-18)
Status: Introduced on April 4 2017 - 25% progression, died in committee
Action: 2017-04-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 4 2017 - 25% progression, died in committee
Action: 2017-04-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.
Title
ABLE to Work Act of 2017
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-04-04 | House | Referred to the House Committee on Ways and Means. |
| 2017-04-04 | House | Introduced in House |
Same As/Similar To
SB818 (Same As) 2017-04-04 - Read twice and referred to the Committee on Finance.
SB1 (Related) 2017-11-28 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.
SB1 (Related) 2017-11-28 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.
Subjects
Bank accounts, deposits, capital
Disability and paralysis
Employee benefits and pensions
Income tax credits
Income tax exclusion
Taxation
Disability and paralysis
Employee benefits and pensions
Income tax credits
Income tax exclusion
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/1896/all-info |
| Text | https://www.congress.gov/115/bills/hr1896/BILLS-115hr1896ih.pdf |
