,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #biji  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #cj1 #bjba ,mr4
 ,bey] 7= himself & ,mr4 ,kelly (       
,p5nsylvania7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to all[ a "o-"t   
election = a qualifi$ *>itable          
di/ribution to a split-int]e/ entity &  
to inflation adju/ ! limits = qualifi$  
*>itable di/ributions4  #a4 ,"o-"t      
election = qualifi$ *>itable di/ribution
 to split-int]e/ entity2 increase 9     
qualifi$ *>itable di/ribution limitation
  7a7 ,"o-,"t election = qualifi$       
*>itable di/ribution to split-,int]e/   
entity ,section #djh7;d77#h7 ( su* ,code
 is am5d$ by add+ at ! end ! foll[+ new 
subp>agraph3  7,f7 ,"o-"t election =    
qualifi$ *>itable di/ribution to        
split-int]e/ entity  7i7 ,9 g5]al ,a    
taxpay] may = a taxable ye> elect "u ?is
 subp>agraph to treat z meet+ !         
requirem5t ( subp>agraph 7,b77i7 any    

di/ribution f an individual retirem5t   
acc\nt :i* is made directly by ! tru/ee 
to a split-int]e/ entity1 b only if--   
7,i7 an election is n 9 effect "u ?is   
subp>agraph = a prec$+ taxable ye>1     
7,,ii7 ! aggregate am\nt ( di/ributions 
( ! taxpay] ) respect to :i* an election
 "u ?is subp>agraph does n exce$        
#ej1jjj1 &  7,,iii7 su* di/ribution     
meets ! requirem5ts ( clauses 7iii7 &   
7iv74  7ii7 ,split-int]e/ entity ,=     
purposes ( ?is subp>agraph1 ! t]m       
split-int]e/ entity means--  7,i7 a     
*>itable rema9d] annuity tru/ 7z def9$ 9
 section #ffd7;d77#a771 b only if su*   
tru/ is fund$ exclusively by qualifi$   
*>itable di/ributions1  7,,ii7 a        
*>itable rema9d] unitru/ 7z def9$ 9     
section #ffd7;d77#b771 b only if su*    
unitru/ is fund$ exclusively by qualifi$
 *>itable di/ributions1 or  7,,iii7 a   
*>itable gift annuity 7z def9$ 9 section
 #eja7m77#e771 b only if su* annuity is 
fund$ exclusively by qualifi$ *>itable  
di/ributions & comm5ces fix$ paym5ts (  

#e p]c5t or great] n lat] ?an #a ye> f !
 date ( fund+4  7iii7 ,contributions mu/
 be o!rwise d$uctible ,a di/ribution    
meets ! requirem5t ( ?is clause only    
if--  7,i7 9 ! case ( a di/ribution to a
 *>itable rema9d] annuity tru/ or a     
*>itable rema9d] unitru/1 a d$uction = !
 entire value ( ! rema9d] int]e/ 9 !    
di/ribution = ! b5efit ( a specifi$     
*>itable organization w\ld be all[able  
"u section #agj 7det]m9$ )\t reg>d to   
subsection 7b7 !re( & ?is p>agraph71 &  
7,,ii7 9 ! case ( a *>itable gift       
annuity1 a d$uction 9 an am\nt equal to 
! am\nt ( ! di/ribution r$uc$ by ! value
 ( ! annuity describ$ 9 section         
#eja7m77#e77;,b7 w\ld be all[able "u    
section #agj 7det]m9$ )\t reg>d to      
subsection 7b7 !re( & ?is p>agraph74    
7iv7 ,limitation on income int]e/s ,a   
di/ribution meets ! requirem5ts ( ?is   
clause only if-- 7,i7 no p]son holds an 
income int]e/ 9 ! split-int]e/ entity   
o!r ?an ! individual = ^: b5efit su*    
acc\nt is ma9ta9$1 ! sp\se ( su*        

individual1 or bo?1 &  7,,ii7 ! income  
int]e/ 9 ! split-int]e/ entity is       
nonassignable4  7v7 ,special rules  7,i7
 ,*>itable rema9d] tru/s ,not)/&+       
section #ffd7;b71 di/ributions made f a 
tru/ describ$ 9 subclause 7,i7 or 7,,ii7
 ( clause 7ii7 %all be treat$ z ord9>y  
income 9 ! h&s ( ! b5efici>y to :om !   
annuity describ$ 9 section              
#ffd7;d77#a77;,a7 or ! paym5t describ$ 9
 section #ffd7;d77#b77;,a7 is paid4     
7,,ii7 ,*>itable gift annuities         
,qualifi$ *>itable di/ributions made to 
fund a *>itable gift annuity %all n be  
treat$ z an inve/m5t 9 ! contract =     
purposes ( section #gb7;c74  4  7b7     
,inflation adju/m5t ,section            
#djh7;d77#h7 ( su* ,code1 z am5d$ by    
subsection 7a71 is am5d$ by add+ at !   
end ! foll[+ new subp>agraph3  7,g7     
,inflation adju/m5t  7i7 ,9 g5]al ,9 !  
case ( any taxable ye> beg9n+ aft]      
#bjbb1 ea* ( ! doll> am\nts 9           
subp>agraphs 7,a7 & 7,f7 %all be        
increas$ by an am\nt equal to-- 7,i7 su*

 doll> am\nt1 multipli$ by  7,,ii7 !    
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
cal5d> ye> #bjba = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7ii7 ,r\nd+ 
,if any doll> am\nt increas$ "u clause  
7i7 is n a multiple ( #a1jjj1 su* doll> 
am\nt %all be r\nd$ to ! ne>e/ multiple 
( #a1jjj4  4  7c7 ,effective date ,!    
am5dm5t made by ?is section %all apply  
to di/ributions made 9 taxable ye>s end+
 aft] ! date ( ! enactm5t ( ?is ,act4