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Maryland

 
Status: Signed into law - program in development
Program Name: Maryland ABLE Program
Program Manager: N/A
Program Investment Institution: N/A
Program Website: Maryland ABLE Program

Total Annual Contribution Limit: $14,000
Account Limit:
$350,000

Additional Information: SB 761 was signed into law on 5/12/15. SB 355 (cross-filed with HB 431) was introduced on 1/28/16 and requires the College Savings Plans of Maryland Board to establish the Maryland ABLE Program to help promote financial savings to support individuals with disabilities in maintaining health, independence, and quality of life. In addition, it renames the College Savings Plans of Maryland Board to the Maryland 529 Board and requires the Board to work in consultation with the Department of Disabilities regarding the Maryland ABLE program. SB 355 and HB0431 were signed into law on 4/12/16.

ABLE Legislation: SB 761SB 355HB 431

Legislative Summary SB 761

Fiscal Note & Analysis SB 761

Legislative Summary SB 355

Legislative Summary HB 431