Legis Daily

ABLE MATCH (Making Able a Tool to Combat Hardship) Act

USA118th CongressHR-5102| House 
| Updated: 8/1/2023
Debbie Dingell

Debbie Dingell

Democratic Representative

Michigan

Cosponsors (1)
Steve Cohen (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
ABLE MATCH (Making Able a Tool to Combat Hardship) Act This bill allows beneficiaries of ABLE (Achieving a Better Life Experience) accounts a refundable tax credit to match their contributions to such accounts. The amount of such credit may not exceed $2,000. The bill also requires demographic reporting (e.g., race, gender, disability type) with respect to ABLE accounts and directs the Department of the Treasury to award grants to states for promoting such accounts and for making matching payments of contributions to such accounts.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2023

Latest Companion Bill Action

S 118-2522
Introduced in Senate
Aug 1, 2023
Introduced in House
Aug 1, 2023
Referred to the House Committee on Ways and Means.
  • July 26, 2023

    Latest Companion Bill Action

    S 118-2522
    Introduced in Senate


  • August 1, 2023
    Introduced in House


  • August 1, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 118-2522: ABLE MATCH (Making Able a Tool to Combat Hardship) Act

ABLE MATCH (Making Able a Tool to Combat Hardship) Act

USA118th CongressHR-5102| House 
| Updated: 8/1/2023
ABLE MATCH (Making Able a Tool to Combat Hardship) Act This bill allows beneficiaries of ABLE (Achieving a Better Life Experience) accounts a refundable tax credit to match their contributions to such accounts. The amount of such credit may not exceed $2,000. The bill also requires demographic reporting (e.g., race, gender, disability type) with respect to ABLE accounts and directs the Department of the Treasury to award grants to states for promoting such accounts and for making matching payments of contributions to such accounts.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2023

Latest Companion Bill Action

S 118-2522
Introduced in Senate
Aug 1, 2023
Introduced in House
Aug 1, 2023
Referred to the House Committee on Ways and Means.
  • July 26, 2023

    Latest Companion Bill Action

    S 118-2522
    Introduced in Senate


  • August 1, 2023
    Introduced in House


  • August 1, 2023
    Referred to the House Committee on Ways and Means.
Debbie Dingell

Debbie Dingell

Democratic Representative

Michigan

Cosponsors (1)
Steve Cohen (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 118-2522: ABLE MATCH (Making Able a Tool to Combat Hardship) Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted