Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE74. PUBLIC FINANCE |
PART722. ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACCOUNT PROGRAM |
SUBPARTF. WITHDRAWALS OR DISTRIBUTIONS |
§722.600. Qualified Withdrawals/Distributions
Latest version.
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A qualified withdrawal/distribution is a withdrawal or a distribution from an ABLE account to pay the qualified disability expenses of the designated beneficiary of the account.
(Source: Amended at 45 Ill. Reg. 4133, effective March 12, 2021)