SKIP TO MAIN CONTENT

South Dakota

 
Status:
Program Name:
Program Manager:
Program Investment Institution:
Program Website:

Total Annual Contribution Limit: $14,000

Account Limit: $350,000

State Tax Deduction: No

Additional Information: HB 1224 was signed into law on 3/11/2016.  The bill:

  1. Excludes contributions to an account in a qualified ABLE savings program, earnings on the contributions, or distributions from the account for qualified disability expenses from consideration when determining eligibility for State benefit programs.
  2. Authorizes the Investment Council to provide information about ABLE savings programs to residents of South Dakota

ABLE Legislation: HB 1224

HB 1224 Legislative Summary