ABLE Age Adjustment Act

I 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. CA´RDENAS (for himself, Mrs. RODGERS of Washington, and Ms. CHU) in- troduced 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 quali- fied ABLE programs. 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 ‘‘ABLE Age Adjust- 4 ment Act’’. 5 SEC. 2. MODIFICATION OF AGE REQUIREMENT FOR QUALI- 6 FIED ABLE PROGRAMS. 7 (a) IN GENERAL.—Section 529A(e) of the Internal 8 Revenue Code of 1986 is amended by striking ‘‘age 26’’ 9 VerDate Sep 11 2014 20:11 Mar 20, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1219.IH H1219 pbinns on DSKJLVW7X2PROD with BILLS 2 •HR 1219 IH in paragraphs (1)(A) and (2)(A)(i)(II) and inserting ‘‘age 1 46’’. 2 (b) EFFECTIVE DATE.—The amendments made by 3 this section shall apply to taxable years beginning after 4 the date of the enactment of this Act. 5 Æ VerDate Sep 11 2014 20:11 Mar 20, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1219.IH H1219 pbinns on DSKJLVW7X2PROD with BILLS