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- H.R.5193
H.R.5193: 529 and ABLE Account Improvement Act of 2016
About This Bill
- Introduced May 11, 2016
- Latest Major Action May 11, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
529 and ABLE Account Improvement Act of 2016 This bill amends the Internal Revenue Code to modify the tax treatment of qualified tuition programs (known as 529 plans) and ABLE accounts. (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.) The bill excludes from gross income a fringe benefit consisting of up to $100 per year...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| May 11, 2016 |
Referred to the House Committee on Ways and Means.
|
| May 11, 2016 |
Introduced in the House by Lynn Jenkins (R-Kan.) |