Nonpartisan civic infrastructure
AllCiv·Legis1
·

S. 4911

BillFederalSenateIn Committee
To amend the Internal Revenue Code to allow employers to contribute to ABLE accounts in lieu of retirement plan contributions.
About This Bill
Committee
Latest Action · July 31, 2024
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
July 31, 2024
Cosponsors (7)
6D 0R
View PDF ↗

Summary

Highlight any text to annotate
ABLE Employment Flexibility Act This bill permits employers to make tax-exempt contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account pays the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.