HR 4672 · 117th Congress · Taxation
ABLE Employment Flexibility Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2021-07-22)
Plain Language Summary
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ABLE Employment Flexibility Act This bill permits employers to make tax-exempts contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account is established to pay the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
2 Democrats4 Republicans