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Rule Title: DEFINITIONS
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Department: REVENUE
Chapter: INCOME TAX
Subchapter: Family Education Savings Act
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.15.805    DEFINITIONS

In addition to the terms defined in 15-62-103, MCA, the following definitions also apply to terms used in this subchapter:

(1) "Act" means the Family Education Savings Act, as referenced in 15-62-101, MCA.

(2) "Child" means a son, stepson, daughter, stepdaughter, or legally adopted son or daughter of the taxpayer.

(3) "Distributee" means the account owner or designated beneficiary who withdraws the funds. If the account is established under the Montana Uniform Transfers to Minors Act, and the minor is not yet 21 years of age, the distributee is the custodian of that account.

(4) "Program" means the family education savings program established pursuant to the Act, or any other program established and maintained under another state that qualifies as a qualified tuition program under IRC 529.

(5) "Program manager" means a financial institution selected pursuant to 15-62-203, MCA.

 

History: 15-30-2620, 15-62-201, MCA; IMP, 15-30-2110, 15-62-103, 15-62-201, MCA; NEW, 2000 MAR p. 1344, Eff. 5/26/00; AMD, 2004 MAR p. 1031, Eff. 4/23/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10; AMD, 2021 MAR p. 76, Eff. 1/16/21.


 

 
MAR Notices Effective From Effective To History Notes
42-1026 1/16/2021 Current History: 15-30-2620, 15-62-201, MCA; IMP, 15-30-2110, 15-62-103, 15-62-201, MCA; NEW, 2000 MAR p. 1344, Eff. 5/26/00; AMD, 2004 MAR p. 1031, Eff. 4/23/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10; AMD, 2021 MAR p. 76, Eff. 1/16/21.
42-2-820 4/30/2010 1/16/2021 History: 15-30-2620, 15-62-201, MCA; IMP, 15-30-2110, 15-62-103, 15-62-201, MCA; NEW, 2000 MAR p. 1344, Eff. 5/26/00; AMD, 2004 MAR p. 1031, Eff. 4/23/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10.
4/23/2004 4/30/2010 History: Sec. 15-30-305 and 15-62-201, MCA; IMP, 15-30-111, 15-62-103, and 15-62-201, MCA; NEW, 2000 MAR p. 1344, Eff. 5/26/00; AMD, 2004 MAR p. 1031, Eff. 4/23/04.
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