ABLE Plan definition

ABLE Plan or “Plan” means the qualified ABLE program established and maintained by the State of California, in accordance with Internal Revenue Code section 529A.
View Source

Examples of ABLE Plan in a sentence

  • For Iowa income tax purposes, a rollover to a non-Iowa 529 plan (or an non-Iowa ABLE Plan) will be treated as a Non-Qualified Withdrawal and taxed as income to the extent previously deducted as a contribution to the IAdvisor 529 Plan.

  • Notwithstanding section 1917(b) of the Social Security Act, Colorado state law provides that upon the death of an Account Owner in the Colorado ABLE Plan, the state of Colorado will not file a claim against the deceased’s Account as authorized in the Tax Regulations, unless the filing of such a claim is required for the Colorado ABLE Plan to maintain status as a qualified ABLE savings program under the Tax Regulations.

  • The Master Agreement in Exhibit A, attached hereto and incorporated herein by this reference, is adopted by and between the Treasurer, as a Member, and Contractor for the NC ABLE Plan.

  • Upon the death of an Account Owner, the state of Colorado will not file a claim against the deceased’s Account, unless the filing of such claim is required for Colorado ABLE to maintain status as a qualified ABLE Plan.

  • Notwithstanding the CMS guidance letter and section 1917(b) of the Social Security Act, Colorado state law provides that upon the death of an Account Owner in the Colorado ABLE Plan, the State of Colorado will not file a claim against the deceased’s Account as authorized in the Tax Regulations, unless the filing of such a claim is required for the Colorado ABLE Plan to maintain status as a qualified ABLE savings program under the Tax Regulations.