ABLE to Work Act of 2016

Summary

ABLE to Work Act of 2016 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 March 2016

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 17 March 2016

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 17 March 2016 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 March 2016

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 March 2016

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 17 March 2016

  Open at official source

Sponsors

• Sen. Burr, Richard [R-NC] · R · Sponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Sponsor
• Jerry Moran · R · Cosponsor
• Tom Cotton · R · Cosponsor
• Amy Klobuchar · D · Cosponsor
• Christopher Murphy · D · Cosponsor
• John Boozman · R · Cosponsor
• Edward Markey · D · Cosponsor
• Richard Blumenthal · D · Cosponsor
• Kirsten Gillibrand · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → ABLE to Work Act of 2016