H.R. 3423 (112th): ABLE Act of 2011

Introduced:
Nov 15, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Ander Crenshaw
Representative for Florida's 4th congressional district
Party
Republican
Text
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Last Updated
Nov 15, 2011
Length
14 pages
Related Bills
H.R. 1205 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Feb 26, 2009

H.R. 647 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Feb 13, 2013

 
Status

This bill was introduced on November 15, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 15, 2011
Referred to Committee Nov 15, 2011
 
Full Title

To amend the Internal Revenue Code of 1986 to provide for the tax treatment of ABLE accounts established under State programs for the care of family members with disabilities, and for other purposes.

Summary

No summaries available.

Cosponsors
235 cosponsors (122D, 113R) (show)
Committees

House Energy and Commerce

Health

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/15/2011--Introduced.
Achieving a Better Life Experience Act of 2011 or the ABLE Act of 2011 - Amends the Internal Revenue Code to establish tax-exempt ABLE accounts to assist an individual with a disability in building an account to pay for qualified disability expenses. Defines "qualified disability expenses" to include expenses for education, a primary residence, transportation, obtaining and maintaining employment, health and wellness, and other personal support expenses.
Treats a qualified ABLE program and an ABLE account in the same manner as a qualified tuition program for income tax purposes (i.e., allowing a tax exemption for such program and an exclusion from gross income of amounts attributable to a contributor to or a beneficiary of a program account).
Defines "qualified ABLE program" as a program established and maintained by a state agency under which a person may make contributions to an ABLE account established to pay for qualified disability expenses.
Requires amounts in ABLE accounts to be disregarded in determining eligibility for Medicaid and other means-tested federal programs. Suspends the payment of supplemental security income benefits under title XVI (Supplemental Security Income) of the Social Security Act to an individual during any period in which such individual has excess resources attributable to an ABLE account.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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