Legislation
- Title
- Maryland Achieving a Better Life Experience (ABLE) Program - Account Clarifications
- Sponsored by
- Delegates Bromwell, Pendergrass, Reznik, Barron, Cullison, Hayes, Hill, Kelly, Kipke, Krebs, Metzgar, Miele, Morales, Morgan, Pena-Melnyk, Platt, Rosenberg, Saab, Sample-Hughes, Szeliga, West, and K. Young
- Status
- Approved by the Governor - Chapter 132
- Analysis
- Fiscal and Policy Note
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.
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Statutes
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(
18-19C-01, 18-19C-03, 18-19C-09 )
Last Updated: 2/3/2020 2:30 PM