ABLE Age Adjustment Act

#1814 | HR Congress #116

Last Action: Referred to the House Committee on Ways and Means. (3/18/2019)

Bill Text Source: Congress.gov

Summary and Impacts
Original Text
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1814 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1814

    To amend the Internal Revenue Code of 1986 to increase the age 
  requirement with respect to eligibility for qualified ABLE programs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 18, 2019

 Mr. Cardenas (for himself, Mrs. Rodgers of Washington, Mr. Cohen, Mr. 
   Fitzpatrick, Mr. Turner, Mr. Rose of New York, and Ms. Wasserman 
   Schultz) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to increase the age 
  requirement with respect to eligibility for qualified ABLE programs.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``ABLE Age Adjustment Act''.

SEC. 2. MODIFICATION OF AGE REQUIREMENT FOR QUALIFIED ABLE PROGRAMS.

    (a) In General.--Section 529A(e) of the Internal Revenue Code of 
1986 is amended by striking ``age 26'' in paragraphs (1)(A) and 
(2)(A)(i)(II) and inserting ``age 46''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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