J

Sent from my iPhone

On Jun 19, 2015, at 12:48 PM, Stamatakis, Carol <xxxxxx@ddc.nh.gov> wrote:

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

xxxxxx@StateTreasurers.org

www.CollegeSavings.org

Note: I have new contact information, please update your records

 

 

<2015-15280.pdf>


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