Montana legislation · 2025 Regular Session
Montana HB671: Revise ABLE Act definitions to conform to Montana individual income tax code
Status: Signed into law, May 5, 2025
What the bill says
An act revising the montana achieving a better life experience act to include the same definition for the internal revenue code as the definition used in the montana individual income tax code; amending section 53-25-103, mca; and providing an immediate effective date and a retroactive applicability date.
From the engrossed text:
AN ACT REVISING THE MONTANA ACHIEVING A BETTER LIFE EXPERIENCE ACT TO INCLUDE THE SAME DEFINITION FOR THE INTERNAL REVENUE CODE AS THE DEFINITION USED IN THE MONTANA INDIVIDUAL INCOME TAX CODE; AMENDING SECTION 53-25-103, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE. Section 1. Section 53-25-103, MCA, is amended to read: "53-25-103. Definitions. As used in this chapter, the following definitions apply: (1) "Account" means an eligible participating account established under this chapter by or on behalf of an eligible individual. (2) "Agent" means one of the following persons acting on behalf of a designated or (b) if no person holds a power of attorney, a parent or legal guardian of the designated beneficiary. (3) "Annual contribution limit" means the limit established in section 529A(b)(2) of the Internal Revenue Code, 26 U.S.C. 529A(b)(2). (4) "Application" means a form executed by or on behalf of a prospective designated beneficiary to enter into a participating trust agreement and open an account. The application incorporates the participating trust agreement by reference. (5) "Committee" means the achieving a better life experience program oversight committee established in 53-25-105. (6) "Contribution" means a payment to an account for the benefit of a designated beneficiary. (7) "Contributor" means a person who makes a contribution to an account for the benefit of a …
Sponsors
- Nikolakakos, Melissa (R, 20) · primary sponsor
- Yakawich, Mike (R, 24)
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
- : (S) 2nd Reading
Votes
- Do Concur (April 15, 2025): 49 yea, 1 nay, passed
- Do Concur (April 14, 2025): 46 yea, 1 nay, passed
- Do Pass (March 7, 2025): 99 yea, 0 nay, passed
- Do Pass (March 5, 2025): 97 yea, 0 nay, passed
Subjects: Taxation, Health, Taxation--Individual Income
Common questions
- What is HB671?
- HB671 is a bill in the Montana Legislature (2025 Regular Session): Revise ABLE Act definitions to conform to Montana individual income tax code.
- What does HB671 do?
- In its own words: An act revising the montana achieving a better life experience act to include the same definition for the internal revenue code as the definition used in the montana individual income tax code; amending section 53-25-103, mca; and providing an immediate effective date and a retroactive applicability date.
- What is the status of HB671?
- Signed into law as of May 5, 2025. Latest action: Chapter Number Assigned (May 5, 2025).
- Who sponsored HB671?
- Nikolakakos, Melissa (R, 20), with 1 co-sponsor.
- Where is the official record for HB671?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1900
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.