HOUSE 5102118th CongressReferred to the House Committee on Ways and Means.

ABLE MATCH (Making Able a Tool to Combat Hardship) Act

Last Action: 8/1/2023

Actions

2023-08-01Referred to the House Committee on Ways and Means.
2023-08-01Introduced in House
2023-08-01Introduced in House

CRS Summary

As of 2023-08-01 (00)

ABLE MATCH (Making Able a Tool to Combat Hardship) Act

This bill allows beneficiaries of ABLE (Achieving a Better Life Experience) accounts a refundable tax credit to match their contributions to such accounts. The amount of such credit may not exceed $2,000.

The bill also requires demographic reporting (e.g., race, gender, disability type) with respect to ABLE accounts and directs the Department of the Treasury to award grants to states for promoting such accounts and for making matching payments of contributions to such accounts.

Cosponsors (1)

Steve Cohen (D-TN)

Read on Congress.gov

Sourced from Congress.gov (public domain).

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