ABLE Act definition

ABLE Act means the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014
Sample 1Sample 2Sample 3
ABLE Act means the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (Division B of P.L. 113-295).
Sample 1Sample 2Sample 3
ABLE Act means the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (Di- vision B of P.L. 113-295).
Sample 1Sample 2Sample 3

Examples of ABLE Act in a sentence

  • No. The ABLE Act limits the opportunity to one ABLE account per eligible individual.

  • Account contributors or designated beneficiaries are limited, by the ABLE Act, to change the way their money is invested in the account up to two times per year.

  • For the first time in public policy, the ABLE Act recognizes the extra and significant costs of living with a disability.

  • ABLE Accounts, which are tax-advantaged savings accounts for individuals with disabilities and their families, will be created as a result of the passage of the ABLE Act of 2014.

  • The final version of the ABLE Act limits eligibility to individuals with significant disabilities with an age of onset of disability before turning 26 years of age.

  • However, for individuals with disabilities who are recipients of SSI and Medicaid, the ABLE Act sets some further limitations.

  • Treatment of ABLE account in HUD programs: Section 103 of the ABLE Act mandates that an individual’s ABLE account (specifically, its account balance, contributions to the account, and distributions from the account) is excluded/disregarded when determining the designated beneficiary’s eligibility and continued occupancy under certain federal means-tested programs.

  • Given that the ABLE Act creates a federally mandated exclusion for ABLE accounts applicable to HUD programs, in determining a family’s income, HUD will exclude amounts in the individual’s ABLE account pursuant to 24 CFR 5.609(c)(17).

  • More information about the ABLE Act can be found online at www.treasurer.ca.gov/able.

  • The discussion of the Pennsylvania tax treatment is based on the Program’s understanding of the Pennsylvania ABLE Act and Pennsylvania tax law.


More Definitions of ABLE Act

ABLE Act means the federal legislation codified in Section 529A of the Internal Revenue Code of 1986, 26 U.S.C. § 529A, and related treasury regulations, as amended from time to time. Any references in this article to Section 529A include related treasury regulations.
Sample 1Sample 2Sample 3
ABLE Act means the Stephen Beck, Jr., Achieving a Better Life
Sample 1Sample 2
ABLE Act means the Stephen Beck, Jr., Achieving a Better Life Experience Act
Sample 1
ABLE Act means the provisions of 26 U.S.C. sec. 529A;
Sample 1

Related to ABLE Act

  • Cable Act means the Title VI of the Communications Act of 1934, as amended.

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • S.A.F.E. act means the secure and fair enforcement for mortgage licensing act of 2008, Title V of the housing and economic recovery act of 2008 ("HERA"), P.L. 110-289, effective July 30, 2008.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • 1990 Act means the Town and Country Planning Act 1990;

  • B-BBEE Act means the Broad-Based Black Economic Empowerment Act, 2003;

  • Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;

  • Sarbanes-Oxley Act means the Sarbanes-Oxley Act of 2002.

  • PPS Act means the Personal Property Securities Act 2009 (Cth).