Current with changes from the 2024 Legislative Session
Section 18-19C-01 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "ABLE account" means an account described under § 529A(e) of the Internal Revenue Code.(c) "ABLE account contributor" means an individual who contributes money to an ABLE account described under § 529A(e) of the Internal Revenue Code.(d) "ABLE account holder" means an individual who is the designated beneficiary of an account described under § 529A(e) of the Internal Revenue Code.(e) "Designated beneficiary" means an individual described in § 529A(e) of the Internal Revenue Code.(f) "Eligible individual" means an individual described in § 529A(e) of the Internal Revenue Code.(g) "Maryland ABLE Program" means a qualified ABLE program described in § 529A(b) of the Internal Revenue Code.(h) "Qualified disability expenses" means expenses described in § 529A(e) of the Internal Revenue Code.Amended by 2023 Md. Laws, Ch. 637, Sec. 1, eff. 6/1/2023.Amended by 2023 Md. Laws, Ch. 113, Sec. 1, eff. 6/1/2023.Amended by 2018 Md. Laws, Ch. 391, Sec. 1, eff. 6/1/2018.Amended by 2018 Md. Laws, Ch. 390, Sec. 1, eff. 6/1/2018.Amended by 2017 Md. Laws, Ch. 133, Sec. 1, eff. 7/1/2017.Amended by 2017 Md. Laws, Ch. 132, Sec. 1, eff. 7/1/2017.Added by 2016 Md. Laws, Ch. 39, Sec. 1, eff. 7/1/2016.