section 25B (and the item related to such section in the table of sections for such subpart). (2) The table of sections for subchapter B of chapter 65 of such Code is amended by adding at the end the following new item: Sec. 6434. Matching payments for ABLE account contributions by certain individuals. . (f) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2026. 5. Demographic reporting with respect to ABLE accounts (a) In general Section 529A(d)(1) of the Internal Revenue Code of 1986 is amended by adding at the end the following new sentence: In addition to the information required under the preceding sentence, each officer or employee having control of the qualified ABLE program of their designee shall include in reports provided to the Secretary demographic information (including race, gender, and disability type) relating to the designated beneficiaries of ABLE accounts under the program. . (b) Effective date The amendment made by this section shall apply to reports made after the date of the enactment of this section. 6. Grants to promote use of ABLE accounts and the matching contribution credit (a) In general The Secretary of the Treasury (or the Secretary's delegate) may award grants to States to enable States to promote ABLE accounts (as defined in section 529A(e) of the Internal Revenue Code of 1986) and matching payments for contributions to such accounts (as provided under section 6434 of such Code, as added by this Act). (b) Authorization of appropriations There is authorized to be appropriated to carry out this section $5,000,000 for each of fiscal years 2025 through 2029.