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- S.2702
S.2702: ABLE to Work Act of 2016
About This Bill
- Introduced March 17, 2016
- Latest Major Action March 17, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (6 Democrats, 3 Republicans)
Bill Summary
ABLE to Work Act of 2016 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 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 17, 2016 |
Read twice and referred to the Committee on Finance.
|
March 17, 2016 |
Introduced in the Senate by Richard M. Burr (R-N.C.) |