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

Summary

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.

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Timeline

1. 26 July 2023

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 26 July 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 July 2023 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 July 2023

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 July 2023

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 July 2023

  Open at official source

Sponsors

• Sen. Casey, Robert P., Jr. [D-PA] · D · Sponsor
• Ron Wyden · D · Sponsor
• Amy Klobuchar · D · Sponsor
• Bernie Sanders · I · Sponsor
• Tammy Duckworth · D · Sponsor
• · ssfi00 · Standing

Related records

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