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H.R. 4813 (114th): ABLE Age Adjustment Act


The text of the bill below is as of Mar 17, 2016 (Introduced). The bill was not enacted into law.


I

114th CONGRESS

2d Session

H. R. 4813

IN THE HOUSE OF REPRESENTATIVES

March 17, 2016

(for himself, Mr. Crenshaw, Mrs. McMorris Rodgers, and Mr. Sessions) 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.

1.

Short title

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

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 each place it appears in paragraph (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.