Or. Rev. Stat. § 178.375 (2026)

      178.375 Definitions for ORS 178.375, 178.380 and 178.385. As used in this section and ORS 178.380 and 178.385:

      (1) “ABLE account” means an account established by an eligible individual, owned by the eligible individual and maintained under the qualified ABLE program established by the Oregon 529 Savings Board under ORS 178.380.

      (2) “ABLE Act” means the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (Division B of P.L. 113-295).

      (3) “Designated beneficiary” has the same meaning as contained in section 529A of the Internal Revenue Code.

      (4) “Eligible individual” has the same meaning as contained in section 529A of the Internal Revenue Code.

      (5) “Internal Revenue Code” means the federal Internal Revenue Code as amended and in effect on December 31, 2023.

      (6) “Qualified disability expense” has the same meaning as contained in section 529A of the Internal Revenue Code. [2015 c.843 §1; 2016 c.33 §1a; 2017 c.367 §3; 2018 c.57 §1; 2021 c.528 §1; 2022 c.83 §2; 2023 c.171 §2; 2024 c.75 §2]