| 1 | 1 | | II |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 2 |
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| 4 | 4 | | DSESSION S. 4539 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to make certain provisions |
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| 6 | 6 | | with respect to qualified ABLE programs permanent. |
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| 7 | 7 | | IN THE SENATE OF THE UNITED STATES |
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| 8 | 8 | | JUNE13, 2024 |
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| 9 | 9 | | Mr. S |
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| 10 | 10 | | CHMITT(for himself, Mr. CASEY, Mr. BOOZMAN, Mr. VANHOLLEN, Mr. |
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| 11 | 11 | | C |
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| 12 | 12 | | OTTON, Mr. WELCH, Mr. TUBERVILLE, Mr. KAINE, Mrs. BRITT, Ms. |
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| 13 | 13 | | K |
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| 14 | 14 | | LOBUCHAR, Mr. MULLIN, and Mr. WYDEN) introduced the following |
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| 15 | 15 | | bill; which was read twice and referred to the Committee on Finance |
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| 16 | 16 | | A BILL |
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| 17 | 17 | | To amend the Internal Revenue Code of 1986 to make |
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| 18 | 18 | | certain provisions with respect to qualified ABLE pro- |
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| 19 | 19 | | grams permanent. |
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| 20 | 20 | | Be it enacted by the Senate and House of Representa-1 |
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| 21 | 21 | | tives of the United States of America in Congress assembled, 2 |
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| 22 | 22 | | SECTION 1. SHORT TITLE. 3 |
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| 23 | 23 | | This Act may be cited as the ‘‘Ensuring Nationwide 4 |
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| 24 | 24 | | Access to a Better Life Experience Act’’ or the ‘‘ENABLE 5 |
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| 25 | 25 | | Act’’. 6 |
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| 26 | 26 | | VerDate Sep 11 2014 02:59 Aug 03, 2024 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S4539.IS S4539 |
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| 27 | 27 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 28 | 28 | | •S 4539 IS |
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| 29 | 29 | | SEC. 2. PERMANENT EXTENSION OF INCREASED CON-1 |
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| 30 | 30 | | TRIBUTIONS TO ABLE ACCOUNTS. 2 |
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| 31 | 31 | | (a) I |
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| 32 | 32 | | NGENERAL.—Section 529A(b)(2)(B)(ii) of the 3 |
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| 33 | 33 | | Internal Revenue Code of 1986 is amended by striking 4 |
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| 34 | 34 | | ‘‘before January 1, 2026’’. 5 |
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| 35 | 35 | | (b) A |
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| 36 | 36 | | LLOWANCE OF SAVERSCREDIT.—Section 6 |
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| 37 | 37 | | 25B(d)(1) of the Internal Revenue Code of 1986, as 7 |
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| 38 | 38 | | amended by section 103(e)(1) of the SECURE 2.0 Act 8 |
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| 39 | 39 | | of 2022, is amended by striking ‘‘before January 1, 9 |
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| 40 | 40 | | 2026,’’. 10 |
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| 41 | 41 | | (c) E |
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| 42 | 42 | | FFECTIVEDATE.—The amendments made by 11 |
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| 43 | 43 | | this section shall apply to taxable years beginning after 12 |
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| 44 | 44 | | the date of the enactment of this Act. 13 |
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| 45 | 45 | | SEC. 3. PERMANENT EXTENSION OF ROLLOVERS TO ABLE 14 |
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| 46 | 46 | | PROGRAMS FROM 529 PROGRAMS. 15 |
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| 47 | 47 | | (a) I |
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| 48 | 48 | | NGENERAL.—Section 529(c)(3)(C)(i)(III) of 16 |
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| 49 | 49 | | the Internal Revenue Code of 1986 is amended by striking 17 |
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| 50 | 50 | | ‘‘before January 1, 2026,’’. 18 |
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| 51 | 51 | | (b) E |
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| 52 | 52 | | FFECTIVEDATE.—The amendment made by 19 |
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| 53 | 53 | | this section shall apply to distributions made after the 20 |
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| 54 | 54 | | date of the enactment of this Act. 21 |
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| 55 | 55 | | Æ |
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| 56 | 56 | | VerDate Sep 11 2014 02:59 Aug 03, 2024 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S4539.IS S4539 |
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| 57 | 57 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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