SENATE 2522118th CongressRead twice and referred to the Committee on Finance.

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

Last Action: 7/26/2023

Actions

2023-07-26Read twice and referred to the Committee on Finance.
2023-07-26Introduced in Senate

CRS Summary

As of 2023-07-26 (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 (4)

Ron Wyden (D-OR)
Amy Klobuchar (D-MN)
Bernard Sanders (I-VT)
Tammy Duckworth (D-IL)

Read on Congress.gov

Sourced from Congress.gov (public domain).

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