Section 1 Short title
This Act may be cited as the “ABLE Age Adjustment Act”.
ABLE Age Adjustment Act
A BILL
To amend the Internal Revenue Code of 1986 to increase the age requirement with respect to eligibility for qualified ABLE programs.
Sec. 2 Modification of age requirement for qualified ABLE programs
In general— Section 529A(e) of the Internal Revenue Code of 1986 is amended by striking “age 26” each place it appears in paragraphs (1)(A) and (2)(A)(i)(II) and inserting “age 46”.
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.