Ariz. Admin. Code § 6-5-3305

Current through Register Vol. 30, No. 50, December 13, 2024

Section R6-5-3305 - Contributions

1. Any person may make contributions to an Account, subject to the limitations imposed by federal law.

2. Except in the case of program-to-program transfers, contributions may be made in cash or a similar cash equivalent.

3. Annual contributions to an Account from all sources, except contributions received in program-to-program transfers, are limited to the per-beneficiary amount excluded from the federal gift tax under federal law.

4. Excess contributions and excess aggregate contribution shall be returned to contributors.

Ariz. Admin. Code § R6-5-3305

Adopted by final rulemaking at 25 A.A.R. 885, effective 5/20/2019.