HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 37.2.530 Prev     Up     Next    
Rule Title: WITHDRAWALS
Add to My Favorites
Add to Favorites
Department: PUBLIC HEALTH AND HUMAN SERVICES
Chapter: DEPARTMENT PROCEDURES
Subchapter: Self-Sufficiency Trusts
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

37.2.530    WITHDRAWALS

(1) Qualified withdrawals from an account are:

(a) a withdrawal from an account to pay the qualified disability expenses of an account owner;

(b) a withdrawal made as the result of the death of the account owner; or

(c) a rollover distribution or a change of designated beneficiary and account owner.

(2) A qualified withdrawal may be made by the account owner, by an agent of the account owner who has a power of attorney for the beneficiary, or by the account owner's legal guardian for qualified disability expenses.

(3) Nonqualified withdrawals are any withdrawals from an account other than qualified withdrawals and are subject to a recapture tax, as allowed under section 529A(c)(3) of the Internal Revenue Code and as implemented by the Montana Department of Revenue.

History: 53-25-104, MCA; IMP, 53-25-110 MCA; NEW, 2016 MAR p. 1575, Eff. 9/3/16.


 

 
MAR Notices Effective From Effective To History Notes
37-753 9/3/2016 Current History: 53-25-104, MCA; IMP, 53-25-110 MCA; NEW, 2016 MAR p. 1575, Eff. 9/3/16.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security