Cal. Code Regs. tit. 10 § 9003

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 9003 - Limitations on Contributions

IRC section 529A and the Tax Regulations limit the amount that can be contributed annually to an Account. Annual Contribution limits may change periodically and can differ depending on an Account Owner's employment status and other factors. Maximum Account balance limits, which limit Contributions based on the balance of an Account, also apply in accordance with IRC section 529A and the Tax Regulations.

Cal. Code Regs. Tit. 10, § 9003

Note: Authority cited: Section 4882, Welfare and Institutions Code. Reference: Sections 4877 and 4879, Welfare and Institutions Code; Section 529A, Internal Revenue Code; Pub. L. 113-295, div. B, title I, §103; and Sections 1.529A-0 through 1.529A-8 also issued under 26 United States Code 529A(g), 26 Code of Federal Regulations Section Pt. 1, App. 1.

Note: Authority cited: Section 4882, Welfare and Institutions Code. Reference: Sections 4877 and 4879, Welfare and Institutions Code; and Section 529 A, Internal Revenue Code.

1. New section filed 2-21-2017 as a deemed emergency pursuant to Welfare and Institutions Code section 4882(b); operative 2-21-2017 (Register 2017, No. 8). A Certificate of Compliance must be transmitted to OAL by 8-21-2017 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 8-21-2017 as a deemed emergency pursuant to Welfare and Institutions Code section 4882(b); operative 8-21-2017 (Register 2017, No. 34). A Certificate of Compliance must be transmitted to OAL by 11-20-2017 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 8-21-2017 order transmitted to OAL 8-24-2017 and filed 10-5-2017 (Register 2017, No. 40).
4. Repealer and new section and amendment of NOTE filed 11-26-2024; operative 1/1/2025 (Register 2024, No. 48).