S 4541 · 118th Congress · Taxation

Ensuring Nationwide Access to a Better Life Experience Act

Introduced 2024-06-13· Sponsored by Sen. Schmitt, Eric [R-MO]· Senate

Bill Progress

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Introduced
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Committee
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Senate Vote
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House
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Enacted
Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419.(2024-06-17)

Plain Language Summary

[AI summary unavailable — showing source text] Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act This bill makes permanent three tax provisions relating to ABLE (Achieving a Better Life Experience) Accounts established to assist disabled individuals, specifically provisions allowing increased contributions to such accounts, the allowance of a retirement savings contribution tax credit up to $1,000, and allowing a tax-free rollover from a qualified tuition program (529 plan) to an ABLE Account. …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Sen. Casey, Robert P., Jr. [D-PA]PA