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2018 Regular Session



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

Sponsored by:

Senator Zucker


In the House - Hearing 3/21 at 1:00 p.m.

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 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
Analysis:Fiscal and Policy Note
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): October 1, 2018
Budget and Taxation  View Committee HearingHealth and Government Operations
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)

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March 10, 2018 8:09 A.M.