Income and distributions from any qualified ABLE program as defined in the Internal Revenue Code of 1986, as amended, shall be exempt from the interest and dividends tax pursuant to N.H. Rev. Stat. § 77:4-h, provided that distributions from the plan which are subject to federal income tax shall be subject to the interest and dividends tax pursuant to N.H. Rev. Stat. Chapter 77 on the accrued income portion of the savings plan distribution.