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S. 2703

BillFederalSenateIn Committee
ABLE Financial Planning Act
About This Bill
Committee
Latest Action · March 17, 2016
Read twice and referred to the Committee on Finance.
Congress
114th (2015–2017)
Introduced
March 17, 2016
Cosponsors (5)
4D 1R
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Summary

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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 and from qualified ABLE programs to qualified tuition 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.)

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