3.0.0 2702 2023-01-11T13:31:44Z 2023-01-11T13:31:44Z Senate S 2016-03-17 114 ssfi00 Finance Committee Senate Standing Referred to 2016-03-17T15:50:47Z ABLE to Work Act of 2016 114 4795 HR 2016-03-17 Referred to the House Committee on Ways and Means. Identical bill CRS 2016-03-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-03-17 Introduced in Senate IntroReferral 10000 9 Library of Congress B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze N C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2016-03-17 True M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2016-04-19 False C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2016-04-26 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2016-04-27 False M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2016-05-11 False B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2016-09-06 False M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2016-09-08 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2016-09-26 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2016-12-09 False Taxation Bank accounts, deposits, capital Disability and paralysis Employee benefits and pensions Income tax credits Income tax exclusion Taxation 00 2016-03-17 Introduced in Senate 2016-04-05T19:30:09Z 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.

]]> ABLE to Work Act of 2016 Display Title ABLE to Work Act of 2016 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow individuals with disabilities to save additional amounts in their ABLE accounts above the current annual maximum contribution if they work and earn income. Introduced in Senate IS Short Titles as Introduced ABLE to Work Act of 2016 Introduced in Senate 2016-03-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2702is/xml/BILLS-114s2702is.xml 2016-03-17 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.