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Rule Title: DEFINITIONS
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Department: REVENUE
Chapter: INCOME TAX
Subchapter: Montana Achieving a Better Life Experience (ABLE) Accounts
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.15.1001    DEFINITIONS

The following definitions apply to terms used in this subchapter:

(1) "ABLE account" or "account" mean the same as "account," which is defined in 53-25-103, MCA.

(2) "Achieving a better life experience (ABLE) program" or "program" means the same as "program," which is defined in 53-25-103, MCA.

(3) "Contributor" means the same as the term is defined in 53-25-103, MCA, and includes the individuals listed in ARM 42.15.1002 that have contributed to one or more accounts established under the Montana ABLE program or to a qualified program established by another state, and are eligible for a deduction to adjusted gross income under 15-30-2110(12), MCA.


History: 15-1-201, 15-30-2620, 53-25-118, MCA; IMP, 53-25-104, 53-25-117, 53-25-118, MCA; NEW, 2021 MAR p. 76, Eff. 1/16/21.


 

 
MAR Notices Effective From Effective To History Notes
42-1026 1/16/2021 Current History: 15-1-201, 15-30-2620, 53-25-118, MCA; IMP, 53-25-104, 53-25-117, 53-25-118, MCA; NEW, 2021 MAR p. 76, Eff. 1/16/21.
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