ABLE to Work Act of 2017

Summary

ABLE to Work Act of 201 7 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 additional 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. 4 April 2017

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 4 April 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 4 April 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 April 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 April 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 4 April 2017

  Open at official source

Sponsors

• Sen. Burr, Richard [R-NC] · R · Sponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Sponsor
• Chris Van Hollen · D · Sponsor
• Jerry Moran · R · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Cosponsor
• Tom Cotton · R · Cosponsor
• Sen. Toomey, Patrick [R-PA] · R · Cosponsor
• Amy Klobuchar · D · Cosponsor
• Edward Markey · D · Cosponsor
• Elizabeth Warren · D · Cosponsor
• Susan Collins · R · Cosponsor
• Thomas Tillis · R · Cosponsor
• John Kennedy · R · Cosponsor
• Mike Rounds · R · Cosponsor
• Christopher Murphy · D · Cosponsor
• Sheldon Whitehouse · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → ABLE to Work Act of 2017
• related to ← An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018.