,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #djjb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #be1 #bjai,mr4  
,bu*anan 7= himself & ,mr4 ,suozzi7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide = flexible giv+
 acc\nts1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,ev]yday
 ,philan?ropi/ ,act4  #b4 ,flexible giv+
 acc\nts  7a7 ,9 g5]al ,subsection 7a7 (
 section #acb ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by /rik+ or at ! end (
 p>agraph 7#g71 by /rik+ ! p]iod at !   
end ( p>agraph 7#h7 & ins]t+ 1 or1 & by 
ins]t+ aft] p>agraph 7#h7 ! foll[+3     
7#i7 flexible giv+ acc\nt4  4  7b7      
,flexible giv+ acc\nt ,section #acb (   
su* ,code is am5d$ by r$esignat+        
subsection 7o7 z subsection 7p7 & by    
ins]t+ aft] subsection 7n7 ! foll[+3    
7o7 ,flexible giv+ acc\nt  7#a7 ,9 g5]al
  7,a7 ,flexible giv+ acc\nt ,= purposes
 ( ?is subsection1 a flexible giv+      

acc\nt is an acc\nt "u an arrangem5t :i*
 is a sep>ate writt5 plan ( an employ] =
 ! exclusive b5efit ( all eligible      
employees "u :i*-- 7i7 an employee may  
elect--  7,i7 to receive a r$uction 9   
comp5sation & h ! employ] deposit !     
am\nt ( ! r$uction 9 a flexible giv+    
acc\nt ( ! elect+ employee1 &  7,,ii7   
be=e ! r$uction "u subclause 7,i71 to   
designate "o or m entities to :i*       
di/ributions are to be made f ! acc\nt1 
7ii7 ! employ]1 z soon aft] ! deposit "u
 clause 7i77,i7 z practicable1 makes !  
disbursem5ts designat$ "u clause 7i71   
7iii7 ! employ] provides reasonable     
notification ( ! availability & t]ms ( !
 arrangem5t to all eligible employees1  
7iv7 ! employ] ma9ta9s a sep>ate        
flexible giv+ acc\nt on behalf ( ea*    
employee = :om an election is 9 effect  
clause 7i71 &  7v7 ! employ] agrees to  
furni% to ea* p>ticipat+ employee1 on or
 be=e ,janu>y #ca ( ea* ye>1 a writt5   
acc\nt+ ( ! employee's flexible giv+    
acc\nt %[+ deposits & disbursem5ts dur+ 

! previ\s cal5d> ye>4  7,b7 ,maximum    
r$uction ,! am\nt ( a r$uction "u       
subp>agraph 7,a7 = a taxable ye> %all n 
exce$ #b1gjj4  7#b7 ,eligible employee  
,= purposes ( ?is subsection--  7,a7 ,9 
g5]al  7i7 ,eligible employee ,! t]m    
eligible employee means1 ) respect to a 
flexible giv+ acc\nt1 any employee :o is
 n a highly comp5sat$ or key employee & 
:o is eligible to p>ticipate 9 !        
arrangem5t4  7ii7 ,highly comp5sat$     
employee ,! t]m highly comp5sat$        
employee has ! mean+ giv5 su* t]m by    
section #dad7q74  7iii7 ,key employee ,!
 t]m key employee has ! mean+ giv5 su*  
t]m by section #daf7;i74  7,b7 ,c]ta9   
employees may be exclud$ ,= purposes (  
subp>agraph 7,a71 an employ] may elect  
to exclude "u ! arrangem5t describ$ 9   
p>agraph 7#a7 any employee :o--  7i7 has
 n atta9$ ! age ( #ba be=e ! close ( a  
plan ye> ( ! arrangem5t1  7ii7 has less 
?an #a ye> ( s]vice ) ! employ] z ( any 
day dur+ ! plan ye>1 &  7iii7 is        
describ$ 9 section #daj7;b77#c77;,c7    

7relat+ to nonresid5t ali5s work+       
outside ! ,unit$ ,/ates74  7,c7 ,%ort]  
s]vice p]iod2 y\ng] age ,an arrangem5t  
may provide a %ort] p]iod ( s]vice or   
y\ng] age = purposes ( subp>agraph 7,b74
  7#c7 ,tax treatm5t ( di/ributions     
7,a7 ,9 g5]al ,any di/ribution f a      
flexible giv+ acc\nt %all be includible 
9 ! gross income ( ! di/ributee 9 !     
mann] z provid$ 9 section #gb4  7,b7    
,exception = *>itable contributions  7i7
 ,9 g5]al ,subp>agraph 7,a7 %all n apply
 to any di/ribution :i* is a *>itable   
contribution made pursuant to p>agraph  
7#a74  7ii7 ,coord9ation ) section #agj 
,di/ributions f ! flexible giv+ acc\nt (
 an employee-- 7,i7 %all be treat$ z a  
*>itable contribution ( ! employee1     
7,,ii7 %all n be tak5 into acc\nt "u    
section #agj7;a7 7relat+ to all[ance (  
d$uction71 b  7,,iii7 %all be tak5 into 
acc\nt "u section #agj7;b7 7relat+ to   
p]c5tage limitation74  7,c7 ,additional 
tax = di/ributions n us$ = *>itable     
purposes ,! tax impos$ by ?is *apt] =   

any taxable ye> on any taxpay] f ^:     
flexible giv+ acc\nt a di/ribution is   
made t is includible 9 gross income %all
 be increas$ by #bj p]c5t ( ! am\nt :i* 
is s includible4  7,d7 ,id5tify+        
in=mation ,no di/ribution %all be       
exclud$ f ! gross income "u subp>agraph 
7,b7 unless ! taxpay] provides on !     
return ( tax ! "n & address ( ! entity  
to :om ! di/ribution is made4 ,9 ! case 
( a failure to provide ! in=mation      
requir$ by ! prec$+ s5t5ce1 ! prec$+    
s5t5ce %all n apply if x is %[n t !     
taxpay] ex]cis$ due dilig5ce 9 attempt+ 
to provide ! in=mation s requir$4  7#d7 
,*>itable contribution ,= purposes ( ?is
 section1 ! t]m *>itable contribution   
has ! mean+ giv5 su* t]m by section     
#agj7;c71 except t su* t]m irrevocable  
transf]s ( funds & n j a pl$ges or      
agreem5t to make a transf] 9 ! future4  
4  7c7 ,effective date ,! am5dm5ts made 
by ?is section %all apply to taxable    
ye>s beg9n+ aft] ! date ( ! enactm5t (  
?is ,act4