HR 4795 · 116th Congress · Taxation
STABLE Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2019-10-22)
Plain Language Summary
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Saving To Achieve a Better Life Experience Act of 2019 or the STABLE Act This bill treats any amount contributed by an employer to an employee's ABLE (Achieving a Better Life Experience) Account as employer-provided coverage for medical expenses under an accident or health plan, subject to certain contribution limits. Such contributions are excluded from an employee's gross income, for income tax purposes. It also imposes a tax on employers who fail to make required contributions.…
Summarized by Claude AI · Non-partisan · For informational purposes only