Section 1 Short title
This Act may be cited as the “Ensuring Nationwide Access to a Better Life Experience Act” or the “ENABLE Act”.
Ensuring Nationwide Access to a Better Life Experience Act
A BILL
To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
Sec. 2 Permanent extension of increased contributions to ABLE accounts
In general— Section 529A(b)(2)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking “before January 1, 2026”.
Allowance of savers credit— Section 25B(d)(1) of the Internal Revenue Code of 1986, as amended by section 103(e)(1) of the SECURE 2.0 Act of 2022, is amended by striking “before January 1, 2026,”.
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
Sec. 3 Permanent extension of rollovers to ABLE programs from 529 programs
In general— Section 529(c)(3)(C)(i)(III) of the Internal Revenue Code of 1986 is amended by striking “before January 1, 2026,”.
Effective date— The amendment made by this section shall apply to distributions made after the date which is 10 days after the date of the enactment of this Act.