S. 2704 — Introduced in Senate

II 114th CONGRESS 2d Session S. 2704 IN THE SENATE OF THE UNITED STATES March 17, 2016 Mr. Casey (for himself and Mr. Burr) 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 increase the age requirement with respect to eligibility for qualified ABLE programs. 1. Short title This Act may be cited as the ABLE Age Adjustment Act. 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 each place it appears in paragraph (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.