SB0550 (CH0391)

Find a 2018 Bill:

2018 Regular Session



Maryland Achieving a Better Life Experience (ABLE) Program – Modifications

Sponsored by:

Senator Zucker


Approved by the Governor - Chapter 391

Synopsis:Providing that certain money in the Maryland Prepaid College Trust may not be considered money of or be commingled with the Maryland Broker-Dealer College Investment Plan or the Maryland ABLE program; requiring the Maryland 529 Board to allow the transfer of funds from certain trusts and plans to any qualified ABLE program; altering the limit on money and assets that a certain account holder can contribute to an ABLE account during a certain period of time; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Zucker, Feldman, Ferguson, Guzzone, King, Middleton, Peters, Serafini, and Smith
Additional Facts:Cross-filed with: HB0782
Bill File Type: Regular
Effective Date(s): June 1, 2018
Budget and Taxation  View Committee HearingHealth and Government Operations  View Committee Hearing
Broad Subject(s):Disabled
Public Health
Narrow Subject(s):Agents and Brokers
Beneficiaries -see also- Estates and Trusts
Death -see also- Advance Medical Directives; Wrongful Death
Estates and Trusts -see also- Beneficiaries
Federal Government
Health Insurance -see also- HMOS; Managed Care Organizations
Investments -see also- Securities
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - Education
(18-1903, 18-1905.1, 18-1909, 18-19A-01, 18-19A-02, 18-19B-01, 18-19B-02, 18-19C-01, 18-19C-02, 18-19C-03, 18-19C-09, 18-19C-10)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

May 11, 2018 4:10 P.M.