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Section 529A definition

Section 529A means Section 529A of the Internal Revenue Code and regulations promulgated or proposed thereunder.
Section 529A means Section 529A of the Code, as amended from time to time, and any regulations and official guidance issued by a Governmental Authority pursuant thereto.
Section 529A means Section 529A of the Internal Revenue Code of 1986, as

Examples of Section 529A in a sentence

  • An individual is an eligible individual for a taxable year if, during that year, either (1) the individual is entitled to benefits based on blindness or disability under Title II or XVI of the Social Security Act (“benefits eligibility”), or (2) a disability certification meeting specified requirements is filed with the Secretary in accordance with Section 529A (“certification eligibility”).

  • ABLE savings account’ or ‘account’ means an individual savings account established in accordance with the provisions of this article and pursuant to Section 529A of the federal Internal Revenue Code of 1986, as amended.

  • Reference: Section 4877, Welfare and Institutions Code; Section 529A, Internal Revenue Code.

  • An account owner may: (a) change the designated beneficiary of an account to an individual who is a qualified member of the family of the prior designated beneficiary in accordance with procedures established by the State Treasurer; and (b) transfer all or a portion of an account to another ABLE savings account, the designated beneficiary of which is a member of the family as defined in Section 529A of the federal Internal Revenue Code of 1986, as amended.

  • The Trust intends to qualify for favorable federal tax treatment under Internal Revenue Code Section 529A.

  • Reference: Sections 4875 and 4877, Welfare and Institutions Code; Section 529A, Internal Revenue Code.

  • Reference: Section 4875, Welfare and Institutions Code; Section 529A, Internal Revenue Code.

  • Under Section 529A, following the death of the Beneficiary, any state may file a claim against the Beneficiary or the STABLE Account itself for the amount of the total medical assistance paid for the Beneficiary under the state’s Medicaid plan after the establishment of the STABLE Account (or any ABLE account from which amounts were rolled or transferred to the current STABLE Account).

  • A Participant may also rollover amounts under an Account to a Section 529A Qualified ABLE Program (“ABLE”) for the same Designated Beneficiary, or a Member of the Family thereof, federal income tax-free, if such Designated Beneficiary or Member of the Family thereof meets the eligibility requirements for an account in such program and subject to applicable ABLE contribution limits.

  • Any such rollover is subject to the ABLE Account’s annual contribution limits as set forth in Section 529A of the Code.


More Definitions of Section 529A

Section 529A means Section 529A of the Internal Revenue
Section 529A means Section 529A of the Code, as amended from time to time, and any regulations issued pursuant thereto.
Section 529A means Section 529A of the Internal Revenue Code and regulations promulgated or proposed thereunder.ITEM 3. Rescind the definitions ofAuthorized agent” and “Investment managers” in rule781—20.2(12I).ITEM 4. Amend subrule 20.4(1) as follows:20.4(1) The plan shall have a form of participation agreement which must be used to establish accounts an account. The participation agreement shall be signed and dated in accordance with the requirements of the plan disclosure documents by the account owner to verify that the account owner agrees to the terms and conditions of the plan.ITEM 5. Amend rule 781—20.5(12I) as follows: 781—20.5(12I) Eligible individual. An account owner must be an eligible individual. An individual is an eligible individual for a taxable year if, during that year, either (1) the individual is entitled to benefits based on blindness or disability under Title II or XVI of the Social Security Act (“benefits eligibility”), or (2) a disability certification meeting specified requirements is filed with the Secretary in accordance with Section 529A (“certification eligibility”). In all cases, the blindness or disability must have occurred before the individual’s twenty-sixth birthday. This rule establishes the following other requirements for opening an account:20.5(1) An account owner may be a resident of any state.20.5(2) An account owner must be a U.S. citizen or resident alien.20.5(3) An account owner must, on signing a participation agreement, provide the plan administrator with have a valid social security number or tax identification number.20.5(4) An account owner must have a valid permanent U.S. street address.20.5(5) No account owner eligible individual may have more than one account in an ABLE plan in existence at the same time. A prior ABLE account that has been closed does not prohibit the subsequent
Section 529A means Section 529A of the Code.
Section 529A means Section 529A of the Internal Revenue Code and regulations promulgated or proposed thereunder.ITEM 3. Rescind the definitions ofAuthorized agent” and “Investment managers” in rule781—20.2(12I).ITEM 4. Amend subrule 20.4(1) as follows:

Related to Section 529A

  • Section 510(b) Claims means any Claim against any Debtor: (a) arising from the rescission of a purchase or sale of a Security of any Debtor or an Affiliate of any Debtor; (b) for damages arising from the purchase or sale of such a Security; (c) or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a claim; provided that a Section 510(b) Claim shall not include any claims subject to subordination under section 510(b) of the Bankruptcy Code arising from or related to an equity interest.

  • Clause means a clause of this Agreement;

  • Company Disclosure Schedule means the disclosure schedule delivered by the Company to and accepted by Parent and Merger Sub on the date hereof.

  • Disclosure Schedule means the Disclosure Schedule, dated as of the date hereof, delivered to the Buyer by the Seller concurrently with the execution of this Agreement.

  • Section means a section of the Act.