II
118THCONGRESS
2
DSESSION S. 4539
To amend the Internal Revenue Code of 1986 to make certain provisions
with respect to qualified ABLE programs permanent.
IN THE SENATE OF THE UNITED STATES
JUNE13, 2024
Mr. S
CHMITT(for himself, Mr. CASEY, Mr. BOOZMAN, Mr. VANHOLLEN, Mr.
C
OTTON, Mr. WELCH, Mr. TUBERVILLE, Mr. KAINE, Mrs. BRITT, Ms.
K
LOBUCHAR, Mr. MULLIN, and Mr. WYDEN) introduced the following
bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to make
certain provisions with respect to qualified ABLE pro-
grams permanent.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Ensuring Nationwide 4
Access to a Better Life Experience Act’’ or the ‘‘ENABLE 5
Act’’. 6
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•S 4539 IS
SEC. 2. PERMANENT EXTENSION OF INCREASED CON-1
TRIBUTIONS TO ABLE ACCOUNTS. 2
(a) I
NGENERAL.—Section 529A(b)(2)(B)(ii) of the 3
Internal Revenue Code of 1986 is amended by striking 4
‘‘before January 1, 2026’’. 5
(b) A
LLOWANCE OF SAVERSCREDIT.—Section 6
25B(d)(1) of the Internal Revenue Code of 1986, as 7
amended by section 103(e)(1) of the SECURE 2.0 Act 8
of 2022, is amended by striking ‘‘before January 1, 9
2026,’’. 10
(c) E
FFECTIVEDATE.—The amendments made by 11
this section shall apply to taxable years beginning after 12
the date of the enactment of this Act. 13
SEC. 3. PERMANENT EXTENSION OF ROLLOVERS TO ABLE 14
PROGRAMS FROM 529 PROGRAMS. 15
(a) I
NGENERAL.—Section 529(c)(3)(C)(i)(III) of 16
the Internal Revenue Code of 1986 is amended by striking 17
‘‘before January 1, 2026,’’. 18
(b) E
FFECTIVEDATE.—The amendment made by 19
this section shall apply to distributions made after the 20
date of the enactment of this Act. 21
Æ
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