California Welfare and Institutions Code

§ 4879

WIC § 4879 Effective Jan 1, 2023Div. 4.5 · Ch. 15

Statute text

(a)Under the program, a person may make contributions for a taxable year, for the benefit of an individual who is an eligible individual for that taxable year, to an ABLE account that is established for the purpose of meeting the qualified disability expenses of the designated beneficiary of the account if both of the following criteria are met:

(1)The designated beneficiary is limited to one ABLE account for purposes of this chapter.

(2)The ABLE account is established only for a designated beneficiary who is a resident of the United States.

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Legislative history

Amended by Stats. 2022, Ch. 896, Sec. 2. (AB 2216) Effective January 1, 2023.