A bill to amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.

Bill 118 s 4539, also known as the ABLE Age Adjustment Act, is a piece of legislation that aims to amend the Internal Revenue Code of 1986 in order to make certain provisions related to qualified Achieving a Better Life Experience (ABLE) programs permanent.

ABLE programs are tax-advantaged savings accounts for individuals with disabilities and their families. These accounts allow individuals to save money for disability-related expenses without jeopardizing their eligibility for government benefits such as Medicaid and Supplemental Security Income.

The bill specifically focuses on making the age adjustment provisions of ABLE programs permanent. Currently, individuals with disabilities must have developed their disability before the age of 26 in order to be eligible for an ABLE account. This bill seeks to remove the age limit, allowing individuals who acquire a disability later in life to still benefit from the program. By making these provisions permanent, the ABLE Age Adjustment Act aims to provide individuals with disabilities greater financial security and independence, while also ensuring that they can continue to access the resources they need to live fulfilling lives.