H.R. 1219 - ABLE Age Adjustment Act

117TH CONGRESS
1ST SESSION

H.R. 1219

To amend the Internal Revenue Code of 1986 to increase the age requirement
with respect to eligibility for qualified ABLE programs.

IN THE HOUSE OF REPRESENTATIVES

FEBRUARY 23, 2021

Mr. CÁRDENAS (for himself, Mrs. RODGERS of Washington, and Ms. CHU)
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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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" in paragraphs (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.