South Dakota § 28-21-2 Determination of eligibility or amount of state or local benefits for ABLE savings program beneficiary.

South Dakota Statutes

§ 28-21-2 — Determination of eligibility or amount of state or local benefits for ABLE savings program beneficiary.

South Dakota·Title 28 PUBLIC WELFARE AND ASSISTANCE·Ch. 28-21 ABLE SAVINGS PROGRAM

When determining the eligibility or amount of benefits to be received by a designated beneficiary of an ABLE savings program, a state or local agency may not consider a contribution to an account in a qualified ABLE savings program, earnings on the contribution, or a distribution from the account for qualified disability expenses as defined in section 529A(e)(5) of the Internal Revenue Code, 26 U.S.C. 529A(e)(5), as of January 1, 2016.

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When determining the eligibility or amount of benefits to be received by a designated beneficiary of an ABLE savings program, a state or local agency may not consider a contribution to an account in a qualified ABLE savings program, earnings on the contribution, or a distribution from the account for qualified disability expenses as defined in section 529A(e)(5) of the Internal Revenue Code, 26 U.S.C. 529A(e)(5), as of January 1, 2016.

South Dakota § 28-21-2 (Determination of eligibility or amount of state or local benefits for ABLE savings program beneficiary.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.