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§ 18-19C-06. Application of Insurance Article; exemption from tax

West's Annotated Code of MarylandEducationEffective: June 1, 2023

West's Annotated Code of Maryland
Education (Refs & Annos)
Division III. Higher Education [Titles 10-20] (Refs & Annos)
Title 18. Student Financial Assistance (Refs & Annos)
Subtitle 19c. Maryland Able Program (Refs & Annos)
Effective: June 1, 2023
MD Code, Education, § 18-19C-06
§ 18-19C-06. Application of Insurance Article; exemption from tax
Currentness
Insurance Article
(a) The Maryland 529 Program, the Maryland ABLE Program, and the ABLE accounts issued under this subtitle are not subject to the provisions of the Insurance Article.
Tax exemption
(b) The assets and income of the Maryland ABLE Program are exempt from State and local taxation.

Credits

Added by Acts 2016, c. 39, § 1, eff. July 1, 2016. Amended by Acts 2023, c. 113, § 1, eff. June 1, 2023.
MD Code, Education, § 18-19C-06, MD EDUC § 18-19C-06
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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