94-457-611 Me. Code R. § 14
Current through 2024-51, December 18, 2024
Withdrawals from accounts for qualified distributions are exempt from taxation by the State of Maine pursuant to 36 MRSA §5122(2)(J). In addition, any portion of a withdrawal used to pay for the qualified higher education expenses of a beneficiary at an institution of higher education and subsequently refunded and recontributed to an account for the beneficiary within 60 days of the refund in accordance with federal requirements is not subject to Maine income tax to the extent not included in federal adjusted gross income in accordance with federal requirements.
94-457 C.M.R. ch. 611, § 14