Iowa ABLE savings plan trust definition

Iowa ABLE savings plan trust or “trust” means the trust created under section 12I.2.
Iowa ABLE savings plan trust means a qualified ABLE program administered by the Iowa treasurer of state under the terms of Iowa Code chapter 12I.

Examples of Iowa ABLE savings plan trust in a sentence

  • For tax years beginning on or after January 1, 2016, individuals can subtract from their Iowa net income the amount contributed to the Iowa ABLE savings plan trust or other qualified ABLE program on behalf of a designated beneficiary during the tax year, subject to the maximum contribution level for that year.40.81(4) Exclusion of interest and earnings on beneficiary accounts in the Iowa ABLE savings plan trust or other qualified ABLE program.

  • Of the funds appropriated in this section, $100,00046 6 $200,000 shall be transferred to and deposited in the46 7 administrative fund of the Iowa ABLE savings plan trust46 8 created in section 12I.4, to be used for implementation and46 9 administration activities of the Iowa ABLE savings plan trust.

  • ARC 4464C, IAB 5/22/19, effective 6/26/19] 781—20.3(12I) Creation of Iowa ABLE savings plan trust.

  • On the value of any interest in the Iowa ABLE savings plan trust created in chapter 12I, or any interest held by a resident account owner in a qualified ABLE program with which the state has contracted pursuant to section 12I.10.Sec.

  • A hybrid pore structure, which is the primary PS structure used in the Gole group for gas sensing, corresponds to a nanopore covered microporous surface with an amplified surface area.The pore creation in silicon can be divided into two categories: Electroless etching and electrochemical etching.

  • The general assembly finds that becoming a contracting state may accomplish the public purpose set forth in section 12I.1, subsection 1, in the same manner as if the qualified ABLE program under the Iowa ABLE savings plan trust were to be implemented and administered by this state.

  • Subtract, to the extent included, income from interest and earnings received from the Iowa ABLE savings plan trust created in chapter 12I, or received by a resident account owner from a qualified ABLE program with which the state has contracted pursuant to section 12I.10.Sec.

  • The 102 28 general assembly finds that becoming a contracting state may 102 29 accomplish the public purpose set forth in section 12I.1, 102 30 subsection 1, in the same manner as if the qualified ABLE 102 31 program under the Iowa ABLE savings plan trust were to be 102 32 implemented and administered by this state.

  • Des Moines, Iowa December 13, 20181 to 2 p.m. Iowa ABLE savings plan trust, ch 20IAB 11/21/18 ARC 4123CFirst FloorLucas State Office Bldg.

  • Subtract, to the extent included, income from interest and earnings received from the Iowa ABLE savings plan trust created in chapter 12I, or received by a resident account owner from a qualified ABLE program with which the state has contracted pursuant to section 12I.10.

Related to Iowa ABLE savings plan trust

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

  • Retirement fund means the "Washington law enforcement

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.