Iowa Admin. Code r. 781-20.20

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 781-20.20 - Federal tax treatment

For federal income tax purposes, the plan shall be considered a qualified ABLE program exempt from taxation pursuant to Section 529A and shall be operated so that it meets the requirements of Section 529A.

Adopted by IAB May 22, 2019/Volume XLI, Number 24, effective 6/26/2019