A bill to amend the Internal Revenue Code of 1986 to provide matching payments for ABLE account contributions by certain individuals, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4492 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4492 To amend the Internal Revenue Code of 1986 to provide matching payments for ABLE account contributions by certain individuals, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 12, 2026 Mr. Van Hollen (for himself, Mr. Moran, Ms. Klobuchar, and Mr. Tillis) 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 provide matching payments for ABLE account contributions by certain individuals, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``ABLE MATCH (Making Able a Tool to Combat Hardship) Act''. SEC. 2. MATCHING PAYMENTS FOR ABLE ACCOUNT CONTRIBUTIONS BY CERTAIN INDIVIDUALS. (a) In General.--Subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by inserting after section 6433 the following new section: ``SEC. 6433A. MATCHING PAYMENTS FOR ABLE ACCOUNT CONTRIBUTIONS BY CERTAIN INDIVIDUALS. ``(a) In General.-- ``(1) Allowance of match.--Any individual who is the designated beneficiary of an ABLE account as of the last day of the taxable year and who makes qualified ABLE account contributions for such taxable year shall be allowed a matching contribution for such taxable year in an amount equal to the applicable percentage of so much of the qualified ABLE account contributions made by such individual for the taxable year as does not exceed $2,000. ``(2) Payment of match.-- ``(A) In general.--Except as provided in subparagraph (B), the matching contribution under this section shall be allowed as a credit which sha