Fyi
Carol
Carol Stamatakis, Esq.
Executive Director
NH Council on Developmental Disabilities
2 ½ Beacon Street, Suite
10
Concord, NH 03301-4447
Telephone: (603) 271-3236
FAX: (603) 271-1156
From: Chris Hunter [mailto:xxxxxx@statetreasurers.org]
Sent: Friday, June 19, 2015 9:36 AM
Subject: IRS Posts Notice of Proposed Rulemaking on ABLE Accounts with Federal Register -- Scheduled to be published in Federal Register on June 22
Importance: High
ACTION: Notice of proposed rulemaking and notice of public hearing.
SUMMARY: This document contains proposed regulations under section 529A of the Internal Revenue Code that provide guidance regarding programs under The Stephen
Beck, Jr., Achieving a Better Life Experience Act of 2014. Section 529A provides rules under which States or State agencies or instrumentalities may establish and
maintain a
new type of tax-favored savings program through which contributions may be made to the account of an eligible disabled individual to meet qualified disability expenses.
These
accounts also receive favorable treatment for purposes of certain means-tested Federal programs. In addition, these proposed regulations provide corresponding amendments
to regulations under sections 511 and 513, with respect to unrelated business taxable income, sections 2501, 2503, 2511, 2642 and 2652, with respect to gift and
generation-skipping transfer taxes, and section 6011, with respect to reporting requirements. This document also provides notice of a public hearing on these proposed
regulations.
Chris A. Hunter
Deputy Executive Director / CSPN
P 859-721-2181
F 859-721-2194
Note: I have new contact information, please update your records