Md. Code Ann., Educ. § 18-19C-01
Definitions
Effective Jun 1, 2023Added by Acts 2016, c. 39, § 1, eff. July 1, 2016. Amended by Acts 2017, c. 132, § 1, eff. July 1, 2017; Acts 2017, c. 133, § 1, eff. July 1, 2017; Acts 2018, c. 390, § 1, eff. June 1, 2018; Acts 2018, c. 391, § 1, eff. June 1, 2018; Acts 2023, c. 113, § 1, eff. June 1, 2023; Acts 2023, c. 637, § 1, eff. June 1, 2023.State of Maryland
- (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.
Added by Acts 2016, c. 39, § 1, eff. July 1, 2016. Amended by Acts 2017, c. 132, § 1, eff. July 1, 2017; Acts 2017, c. 133, § 1, eff. July 1, 2017; Acts 2018, c. 390, § 1, eff. June 1, 2018; Acts 2018, c. 391, § 1, eff. June 1, 2018; Acts 2023, c. 113, § 1, eff. June 1, 2023; Acts 2023, c. 637, § 1, eff. June 1, 2023.