Code · BILL · 115th Congress · H.R. 1 (Engrossed in House) — To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year... · Sec. 1205

Sec. 1205. Rollovers between qualified tuition programs and qualified ABLE programs

109 words·~1 min read·/bill/115/hr/1/eh/section-1205

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 529(c)(3)(C)(i) is amended by striking or at the end of subclause (I), by striking the period at the end of subclause

(II)and inserting , or , and by adding at the end the following new subclause: to an ABLE account (as defined in section 529A(e)(6)) of the designated beneficiary or a member of the family of the designated beneficiary. Subclause

(III)shall not apply to so much of a distribution which, when added to all other contributions made to the ABLE account for the taxable year, exceeds the limitation under section 529A(b)(2)(B). . The amendments made by this section shall apply to distributions after December 31, 2017.