Section 1 Short title
This Act may be cited as the “ABLE Accounts for Veterans Act of 2019”.
ABLE Accounts for Veterans Act of 2019
A BILL
To amend title II of the Social Security Act to disregard certain contributions to ABLE accounts when determining an individual’s ability to engage in substantial gainful activity, and for other purposes.
Sec. 2 Certain contributions to ABLE accounts disregarded in determination of substantial gainful activity
In general— Section 223(d)(4) of the Social Security Act (42 U.S.C. 423(d)(4)) is amended by adding at the end the following:
“(D) In determining when earnings derived from services demonstrate an individual’s ability to engage in substantial gainful activity, in the case of earnings earned in a month by an individual who receives compensation for a service-connected disability for such month under chapter 11 of title 38, United States Code, the Commissioner of Social Security shall disregard an amount of such earnings equal to the amount of any contribution made by the individual in such month to a qualified ABLE program (as defined in section 529A of the Internal Revenue Code of 1986) established for the benefit of such individual.”
Effective date— The amendment made by subsection (a) shall apply with respect to earnings earned for months beginning after the date that is 6 months after the date of the enactment of this Act.