For taxable years beginning on or after January 1, 2016,

Section 529A of the Internal Revenue Code, relating to qualified ABLE programs, added by

Section of Division B of Public Law 113-295, shall apply, except as otherwise provided. (

a) Section 529A(

a) of the Internal Revenue Code is modified as follows:

(1) By substituting the phrase “under

Part 10 (commencing with

Section 17001) and this part” in lieu of the phrase “under this subtitle.”

(2) By substituting “Article 2 (commencing with

Section 23731)” in lieu of “Section 511.” (

b) Section 529A(c)(3)(

A) of the Internal Revenue Code is modified by substituting “2.5 percent” in lieu of “10 percent.” (

c) A copy of the report required to be filed with the Secretary of the Treasury under

Section 529A(

d) of the Internal Revenue Code, relating to reports shall be filed with the Franchise Tax Board at the same time and in the same manner as specified in that section. (d)

(1) The amendments made by

Section 303(

a) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to

Section 529A(b)(1) of the Internal Revenue Code, relating to qualified ABLE programs, shall apply, except as otherwise provided.

(2) The amendments made by

Section 303(

b) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Sections 529A(d)(3) and 529A(

e) of the Internal Revenue Code, relating to qualified ABLE programs, shall apply, except as otherwise provided.

(3) The amendments made by

Section 303(

c) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Sections 529A(d)(4) and 529A(c)(1)(C)(

i) of the Internal Revenue Code, relating to qualified ABLE programs, shall apply, except as otherwise provided. (

e) The amendments made by

Section 11024(

a) of the Tax Cuts and Jobs Act (Public Law 115-97) to

Section 529A(b)(2)(

B) of the Internal Revenue Code, relating to qualified ABLE programs, shall apply, except as otherwise provided. (f)

(1) For taxable years beginning on or after January 1, 2026, the amendments made by

Section of the Consolidated Appropriations Act, 2023 (Public Law 117-328) to

Section 529A(

e) of the Internal Revenue Code, relating to qualified ABLE programs, shall apply, except as otherwise provided.

(2) For purposes of complying with

Section 41, the goal, purpose, objective, performance indicators, and data collection requirements for the tax expenditure allowed by this subdivision shall be as specified in subdivision (

f) of

Section 17140.4.