SB0344 (CH0133)

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2017 Regular Session



Maryland Achieving a Better Life Experience (ABLE) Program - Account Clarifications

Sponsored by:

Senator Feldman


Approved by the Governor - Chapter 133

Synopsis:Clarifying that a specified amount may be contributed in each calendar year to an account for a disabled individual under the Maryland Achieving a Better Life Experience (ABLE) Program; providing that contributions to an ABLE account may not exceed a specified maximum amount; and requiring the Maryland 529 Board to adopt specified procedures to ensure that specified contributions to ABLE accounts do not exceed a specified maximum limit.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Feldman and Zucker
Additional Facts:Cross-filed with: HB0448
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingHealth and Government Operations  View Committee Hearing
Broad Subject(s):Disabled
Taxes - Income
Narrow Subject(s):Committees and Commissions -see also- Political Committees
Disabilities -see also- Blind; Deaf; Developmental
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - Education
(18-19C-01, 18-19C-03)

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Explanation of Floor Motions and Actions

November 28, 2017 1:10 P.M.