,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #cdjg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #ad1 #bjbe,mr4   
,moore ( ,utah introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exempt money   
acc\nts = gr[? & advancem5t f taxation1 
& = o!r purposes4  #a4 ,%ort title2 etc 
7a7 ,%ort title ,?is ,act may be cit$ z 
! ,money ,acc\nts = ,gr[? & ,advancem5t 
,act or ! ,,maga ,act4  7b7 ,ref]5ces   
,except z o!rwise expressly provid$1    
:5ev] 9 ?is ,act an am5dm5t or repeal is
 express$ 9 t]ms ( an am5dm5t to1 or    
repeal (1 a section or o!r provision1 ! 
ref]5ce %all be consid]$ to be made to a
 section or o!r provision ( ! ,int]nal  
,rev5ue ,code ( #aihf4  #b4 ,,maga      
acc\nts  7a7 ,9 g5]al ,sub*apt] ,f (    
*apt] #a is am5d$ by add+ at ! end !    
foll[+ new "p3  ,,ix ,,maga acc\nts     
#ecj;,a4 ,,maga acc\nts  7a7 ,g5]al rule
 ,a ,,maga acc\nt %all be exempt f      
taxation "u ?is subtitle4 ,not)/&+ !    

prec$+ s5t5ce1 su* acc\nt %all be       
subject to ! taxes impos$ by section    
#eaa 7relat+ to imposition ( tax on     
unrelat$ bus9ess income ( *>itable      
organizations74  7b7 ,,maga acc\nt ,=   
purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m money acc\nt = gr[? & advancem5t 
or ,,maga acc\nt means a tru/ creat$ or 
organiz$ 9 ! ,unit$ ,/ates = ! exclusive
 b5efit ( an individual & :i* is        
designat$ 79 su* mann] z ! ,secret>y    
%all prescribe7 at ! "t ( ! e/abli%m5t (
 ! tru/ z a ,,maga acc\nt1 b only if !  
writt5 gov]n+ in/rum5t creat+ ! tru/    
meets ! foll[+ requirem5ts3 7,a7 ,!     
individual e/abli%+ ! acc\nt %all       
provide to ! tru/ee ! social security   
numb] ( su* individual & ( ! acc\nt     
b5efici>y4  7,b7 ,except 9 ! case ( a   
qualifi$ rollov] contribution describ$ 9
 subsection 7e71 no contribution w be   
accept$-- 7i7 be=e ,janu>y #a1 #bjbf1   
7ii7 unless x is 9 ca%1  7iii7 unless ! 
acc\nt b5efici>y has n atta9$ age #ah1 &
  7iv7 if su* contribution w\ld result 9

 aggregate contributions = ! taxable ye>
 exce$+ ! contribution limit specifi$ 9 
subsection 7c77#a74  7,c7 ,no           
di/ribution 7o!r ?an a di/ribution ( a  
qualifi$ rollov] contribution7 w be     
all[$-- 7i7 be=e ! date on :i* ! acc\nt 
b5efici>y atta9s age #ah1 or  7ii7 9 !  
case ( su* an acc\nt ! acc\nt b5efici>y 
( :i* has n atta9$ age #be1 if !        
aggregate di/ributions f su* acc\nt     
exce$s ! am\nt t is  ! ca% equival5t    
value ( ! acc\nt on ! date on :i* !     
acc\nt b5efici>y atta9s age #ah4  7,d7  
,! acc\nt b5efici>y has n atta9$ age #h 
on ! date ( ! e/abli%m5t ( ! acc\nt4    
7,e7 ,! tru/ee is a bank 7z def9$ 9     
section #djh7n77 or ano!r p]son :o      
demon/rates to ! satisfaction ( !       
,secret>y t ! mann] 9 :i* t p]son w     
adm9i/] ! tru/ w be consi/5t ) !        
requirem5ts ( ?is section or :o has s   
demon/rat$ ) respect to any individual  
retirem5t plan4  7,f7 ,! int]e/ ( an    
individual 9 ! balance ( 8 acc\nt is    
non=feitable4  7,g7 ,! assets ( ! tru/  

%all n be comm+l$ ) o!r prop]ty except 9
 a common tru/ fund or common inve/m5t  
fund4  7,h7 ,no "p ( ! tru/ funds w be  
inve/$ 9 any asset o!r ?an eligible     
inve/m5ts4  7#b7 ,eligible inve/m5ts ,! 
t]m eligible inve/m5ts means /ock ( a   
regulat$ inve/m5t company 7)9 ! mean+ ( 
section #hea7 :i*-- 7,a7 tracks a       
well-e/abli%$ index ( ,unit$ ,/ates     
equities 7or :i* inve/s 9 an equival5t  
div]sifi$ portfolio ( ,unit$ ,/ates     
equities71  7,b7 does n use lev]age1    
7,c7 m9imizes fees & exp5ses1 &  7,d7   
meets su* o!r crit]ia z ! ,secret>y     
det]m9es appropriate = purposes ( ?is   
section4  7#c7 ,acc\nt b5efici>y ,! t]m 
acc\nt b5efici>y means ! individual on  
^: behalf ! ,,maga acc\nt 0 e/abli%$4   
7c7 ,treatm5t ( contributions  7#a7     
,contribution limit ,! contribution     
limit = any taxable ye> is #e1jjj4  7#b7
 ,contributions f tax exempt s\rces &   
rollov] contributions ,! am\nt          
contribut$ to a ,,maga acc\nt = purposes
 ( p>agraph 7#a7 %all be det]m9$ )\t    

reg>d to-- 7,a7 a qualifi$ rollov]      
contribution1  7,b7 any contribution f !
 ,f$]al ,gov]nm5t or any ,/ate1 local1  
or tribal gov]nm5t1 or  7,c7 any        
contribution made ?r\gh ! program       
e/abli%$ "u subsection 7l74  7#c7       
,co/-(-liv+ adju/m5t  7,a7 ,9 g5]al ,9 !
 case ( any taxable ye> beg9n+ 9 a      
cal5d> ye> aft] #bjbf1 ! #e1jjj am\nt "u
 p>agraph 7#a7 %all be increas$ by an   
am\nt equal to-- 7i7 su* doll> am\nt1   
multipli$ by  7ii7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye>1 det]m9$ by sub/itut+ cal5d> 
ye> #bjbe = cal5d> ye> #bjaf 9          
subp>agraph 7,a77ii7 !re(4  7,b7 ,r\nd+ 
,if any increase "u subp>agraph 7,a7 is 
n a multiple ( #ajj1 su* am\nt %all be  
r\nd$ to ! next l[] multiple ( #ajj4    
7d7 ,di/ributions  7#a7 ,am\nts         
allocable to inve/m5t 9 ! contract ,a   
di/ribution f a ,,maga acc\nt ( an am\nt
 allocable to ! inve/m5t 9 ! contract   
%all n be includible 9 ! gross income ( 
! di/ributee4  7#b7 ,am\nts allocable to

 income on ! contract us$ = qualifi$    
exp5ses ,a di/ribution f a ,,maga acc\nt
 ( an am\nt allocable to income on !    
contract & :i* is us$ exclusively to pay
 = qualifi$ exp5ses %all be includible 9
 net capital ga9 ( ! di/ributee "u      
section #a7;h77#ab74  7#c7 ,am\nts      
includible 9 gross income ,any          
di/ribution f a ,,maga acc\nt :i* is n  
describ$ 9 p>agraph 7#a7 or 7#b7 %all be
 includible 9 ! gross income ( !        
di/ributee4  7#d7 ,qualifi$ exp5ses ,=  
purposes ( ?is subsection1 ! t]m        
qualifi$ exp5ses means any ( ! foll[+   
exp5ses paid or incurr$ = ! b5efit ( !  
acc\nt b5efici>y3 7,a7 ,qualifi$ high]  
education exp5ses 7z def9$ 9 section    
#ebi7;e77#c77 det]m9$ )\t reg>d to      
section #ebi7;c77#g74  7,b7 ,qualifi$   
po/-second>y cr$5tial+ exp5ses 7z def9$ 
9 section #ebi7;f774  7,c7 ,"u          
regulations provid$ by ! ,secret>y1     
am\nts paid or incurr$ ) respect to any 
small bus9esses = :i* ! b5efici>y has   
obta9$ any small bus9ess loan1 small f>m

 loan1 or simil> loan4  7,d7 ,any am\nt 
us$ = ! pur*ase 7z def9$ 9 section      
#cf7;c77#c77 ( ! pr9cipal resid5ce 7z   
us$ 9 section #aba7 ( ! acc\nt b5efici>y
 if su* acc\nt b5efici>y is a fir/-"t   
homebuy] 7z def9$ 9 section #cf7;c77#a77
 ) respect to su* pur*ase4  7#e7        
,exceptions ,p>agraphs 7#b7 & 7#c7 %all 
n apply to any di/ribution :i* is a     
qualifi$ rollov] contribution4  7#f7    
,additional tax on c]ta9 di/ributions ,9
 ! case ( a di/ributee :o has n atta9$  
age #cj1 ! tax impos$ by ?is *apt] on ! 
acc\nt b5efici>y = any taxable ye> 9 :i*
 !re is a di/ribution f a ,,maga acc\nt 
( su* b5efici>y :i* is includible 9     
gross income "u p>agraph 7#c7 %all be   
increas$ by #aj p]c5t ( ! am\nt :i* is s
 includible4  7e7 ,qualifi$ rollov]     
contribution ,= purposes ( ?is section1 
! t]m qualifi$ rollov] contribution     
means an am\nt :i* is paid 9 a direct   
tru/ee-to-tru/ee transf] f a ,,maga     
acc\nt ma9ta9$ = ! b5efit ( ! acc\nt    
b5efici>y to a ,,maga acc\nt ma9ta9$ =  

su* b5efici>y4  7f7 ,treatm5t aft] dea? 
( acc\nt b5efici>y ,rules simil> to !   
rules ( section #bbc7;f77#h7 %all apply 
= purposes ( ?is section4  7g7          
,det]m9ations ( aggregate di/ributions &
 inve/m5t 9 contract 9 ! case ( c]ta9   
rollov] contributions ,9 ! case ( a     
qualifi$ rollov] contribution :i* is    
describ$ 9 subsection 7e77#b71 any      
det]m9ation requir$ "u ?is section ( !  
am\nt ( ! inve/m5t ( ! contract or (    
aggregate di/ributions f ! ,,maga acc\nt
 %all be det]m9$ ) respect to !         
aggregate ( su* am\nts = all ,,maga     
acc\nts ( ! same acc\nt b5efici>y4  7h7 
,cu/odial acc\nts ,= purposes ( ?is     
section1 a cu/odial acc\nt %all be      
treat$ z a tru/ "u ?is section if-- 7#a7
 ! cu/odial acc\nt w\ld1 except = ! fact
 t x is n a tru/1 con/itute a tru/ :i*  
meets ! requirem5ts ( subsection        
7b77#a71 &  7#b7 ! assets ( su* acc\nt  
are held by a bank 7z def9$ 9 section   
#djh7n77 or ano!r p]son :o demon/rates1 
to ! satisfaction ( ! ,secret>y1 t !    

mann] 9 :i* he w adm9i/] ! acc\nt w be  
consi/5t ) ! requirem5ts ( ?is section4 
,= purposes ( ?is title1 9 ! case ( a   
cu/odial acc\nt treat$ z a tru/ by      
reason ( ! prec$+ s5t5ce1 ! p]son hold+ 
! assets ( su* acc\nt %all be treat$ z !
 tru/ee !re(4  7i7 ,t]m9ation  7#a7 ,age
 #ca ,^u ! date on :i* ! acc\nt         
b5efici>y atta9s age #ca1 a ,,maga      
acc\nt %all cease to be a ,,maga acc\nt 
& ! am\nt 9 su* acc\nt %all be treat$ z 
di/ribut$ = purposes ( subsection 7d74  
7#b7 ,multiple acc\nts ( "o b5efici>y   
7,a7 ,9 g5]al ,9 ! case ( any duplicate 
,,maga acc\nt ( any acc\nt b5efici>y o!r
 ?an a ,,maga acc\nt :i* is e/abli%$ by 
! deposit ?r\gh a qualifi$ rollov]      
contribution ( ! entire am\nt ( ano!r   
,,maga acc\nt ( ! acc\nt b5efici>y-- 7i7
 su* duplicate ,,maga acc\nt %all cease 
to be a ,,maga acc\nt & ! am\nt 9 su*   
acc\nt %all be treat$ z di/ribut$ =     
purposes ( subsection 7d71 &  7ii7 !re  
is impos$ an excise tax on ! acc\nt     
b5efici>y 9 an am\nt equal to s mu* (   

ca% value ( ! acc\nt z is allocable to  
income on ! contract4  7,b7 ,)hold+     
requirem5t ,9 ! case ( an acc\nt t]m9at$
 "u subp>agraph 7,a71 ! tru/ee %all     
d$uct & )hold ^u ! am\nt to be di/ribut$
 ! am\nt 9 excess describ$ 9 subp>agraph
 7,a77ii74  7,c7 ,notification ,!       
,secret>y1 ^u det]m9+ t a duplicate     
acc\nt exi/s1 %all provide a notice to !
 acc\nt b5efici>y ( su* duplicate acc\nt
 7& ! acc\nt cu/odian1 9 ! case ( a     
cu/odial acc\nt7 & to ea* tru/ee ( any  
,,maga acc\nt ( ! acc\nt b5efici>y ( su*
 duplicate acc\nt :i* id5tifies ea*     
,,maga acc\nt ( su* b5efici>y & ! tru/ee
 ( ea* su* acc\nt4  7,d7 ,duplicate     
acc\nt ,= purposes ( ?is p>agraph1 ! t]m
 duplicate acc\nt means-- 7i7 9 ! case (
 an acc\nt b5efici>y = ! b5efit ( :om an
 acc\nt 0 e/abli%$ by ! ,secret>y "u    
section #fdcd1 any o!r ,,maga acc\nt (  
su* acc\nt b5efici>y1 or  7ii7 9 ! case 
( any o!r acc\nt b5efici>y1 any ,,maga  
acc\nt e/abli%$ aft] ! fir/ ,,maga      
acc\nt e/abli%$ = ! b5efit ( su* acc\nt 

b5efici>y4  7j7 ,inve/m5t 9 ! contract  
,= purposes ( ?is section1 rules simil> 
to ! rules appli$ to a qualifi$ tuition 
program 7z def9$ 9 section #ebi7;b77 "u 
section #gb7;e77#i7 %all apply =        
purposes ( det]m9+ ! inve/m5t 9 !       
contract1 except t su* am\nt %all be    
det]m9$ )\t reg>d to any contribution   
:i* is describ$ 9 subsection 7c77#b74   
7k7 ,reports ,! tru/ee ( a ,,maga acc\nt
 %all make su* reports reg>d+ su* acc\nt
 to ! ,secret>y & to ! b5efici>y ( !    
acc\nt ) respect to contributions1      
di/ributions1 ! am\nt ( inve/m5t 9 !    
contract1 & su* o!r matt]s z ! ,secret>y
 may require4 ,! reports requir$ by ?is 
subsection %all be fil$ at su* "t & 9   
su* mann] & furni%$ to su* individuals  
at su* "t & 9 su* mann] z may be        
requir$4  7l7 ,contributions to         
pr$om9ately unrelat$ *ildr5 ,! ,secret>y
 %all e/abli% a program ?r\gh :i*       
contributions may be made to ! ,,maga   
acc\nts ( a l>ge gr\p ( acc\nt          
b5efici>ies if-- 7#a7 ! contribution is 

made by any p]son describ$ 9 any        
p>agraph ( section #eja7;c7 & exempt f  
taxation "u section #eja7;a71  7#b7 su* 
acc\nts are select$ on ! basis ( !      
location ( ! resid5ce ( ! acc\nt        
b5efici>ies1 ! s*ool di/rict 9 :i* su*  
b5efici>ies att5d s*ool1 or ano!r basis 
! ,secret>y det]m9es appropriate1 &     
7#c7 all individuals :o are acc\nt      
b5efici>ies ( su* an acc\nt :o meet !   
select$ crit]ia receive an equal portion
 ( ! contribution4  4  7b7 ,di/ribution 
tax$ at same rate z net capital ga9s    
,section #a7;h7 is am5d$ by add+ at !   
end ! foll[+ new p>agraph3  7#ab7       
,di/ributions f ,,maga acc\nt tax$ z net
 capital ga9 ,= purposes ( ?is          
subsection1 ! t]m net capital ga9 means 
! net capital ga9 7det]m9$ )\t reg>d to 
?is p>agraph7 increas$ by ! am\nt       
includible 9 net capital ga9 "u ?is     
p>agraph by reason ( section            
#ecj;,a7d77#b74  4  7c7 ,tax on excess  
contributions  7#a7 ,9 g5]al ,section   
#digc7;a7 is am5d$ by /rik+ or at ! end 

( p>agraph 7#e71 by ins]t+ or at ! end (
 p>agraph 7#f71 & by ins]t+ aft]        
p>agraph 7#f7 ! foll[+ new p>agraph3    
7#g7 a ,,maga acc\nt 7z def9$ 9 section 
#ecj;,a7b771  4  7#b7 ,excess           
contribution ,section #digc is am5d$ by 
add+ at ! end ! foll[+ new subsection3  
7i7 ,excess contributions to a ,,maga   
acc\nt ,= purposes ( ?is section1 9 !   
case ( ,,maga acc\nts 7)9 ! mean+ (     
section #ecj;,a71 ! t]m excess          
contributions means ! sum (-- 7#a7 !    
am\nt by :i* ! am\nt contribut$ = !     
cal5d> ye> to su* acc\nt 7o!r ?an       
qualifi$ rollov] contributions 7z def9$ 
9 section #ecj;,a7e777 exce$s !         
contribution limit "u section           
#ecj;,a7c77#a7 7det]m9$ )\t reg>d to    
contributions describ$ 9 section        
#ecj;,a7c77#b771 &  7#b7 ! am\nt det]m9$
 "u ?is subsection = ! prec$+ cal5d>    
ye>1 r$uc$ by ! excess 7if any7 ( !     
maximum am\nt all[able z a contribution 
"u section #ecj;,a7c77#a7 7z s det]m9$7 
= ! cal5d> ye> ov] ! am\nt contribut$ to

 ! acc\nt = ! cal5d> ye> 7o!r ?an       
qualifi$ rollov] contributions 7z s     
def9$774  4  7d7 ,disclosure ( return   
in=mation ,to facilitate c]ta9          
contributions ,section #fajc7l7 is am5d$
 by add+ at ! end ! foll[+ new p>agraph3
  7#bc7 ,disclosure ( return in=mation  
to enable c]ta9 contributions to ,,maga 
acc\nts ,^u writt5 reque/ sign$ by !    
head ( ! bureau or (fice ( ! ,dep>tm5t (
 ! ,treasury reque/+ ! inspection or    
disclosure1 ! ,secret>y may disclose !  
foll[+ return in=mation ) respect to a  
,,maga acc\nt 7z def9$ 9 section        
#ejc;,a7b77 to (fic]s & employees ( su* 
bureau or (fice to ! ext5t t su*        
disclosure is necess>y to c>ry out      
section #ecj;,a7l73 7,a7 ,in=mation     
necess>y to id5tify ! acc\nt hold]s 9 a 
p>ticul> class ( b5efici>ies id5tifi$ by
 a donor z ! int5d$ recipi5ts4  7,b7 ,! 
"n1 address1 & social security numb] ( a
 b5efici>y4  7,c7 ,! acc\nt cu/odian & !
 address ( su* cu/odian4  7,d7 ,! acc\nt
 numb]4  7,e7 ,! r\t+ numb]4  7,f7 ,to !

 ext5t det]m9$ by ! ,secret>y 9         
regulations1 su* o!r return in=mation z 
! ,secret>y det]m9es necess>y to ensure 
prop] r\t+ ( funds4  ,return in=mation  
disclos$ "u ?is p>agraph may only be us$
 to id5tify acc\nt hold]s 9 a p>ticul>  
class ( b5efici>ies or = ! prop] r\t+ ( 
funds & may n be r$isclos$ by !         
,secret>y4  4  7e7 ,failure ,to provide 
reports on ,,maga acc\nts ,section      
#ffic7;a77#b7 is am5d$ by /rik+ & at !  
end ( subp>agraph 7,e71 by /rik+ ! p]iod
 at ! end ( subp>agraph 7,f7 & ins]t+ 1 
&1 & by add+ at ! end ! foll[+ new      
subp>agraph3  7,g7 section #ecj;,a7h7   
7relat+ to ,,maga acc\nts74  4  7f7     
,con=m+ am5dm5t ,! table ( p>ts =       
sub*apt] ,f ( *apt] #a is am5d$ by add+ 
at ! end ! foll[+ new item3  ,"p ,,ix4  
,,maga acc\nts  4  7g7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjbd4  #c4 ,,maga acc\nts
 contribution pilot program  7a7 ,9     
g5]al ,sub*apt] ,b ( *apt] #fe is am5d$ 

by add+ at ! end ! foll[+ new section3  
#fdcd4 ,,maga acc\nts contribution pilot
 program  7a7 ,9 g5]al ,9 ! case ( any  
taxpay] ) respect to :om an eligible    
individual is a qualify+ *ild1 !re %all 
be all[$ a "o-"t cr$it ( #a1jjj )       
respect to ea* su* eligible individual  
:o is a qualify+ *ild ( su* taxpay] :i* 
%all be payable by ! ,secret>y only to !
 ,,maga acc\nt ) respect to :i* su*     
eligible individual is ! acc\nt         
b5efici>y4  7b7 ,acc\nt e/abli%$ by     
,secret>y  7#a7 ,9 g5]al ,9 ! case ( any
 eligible individual t ! ,secret>y      
det]m9es is n ! acc\nt b5efici>y ( any  
,,maga acc\nt z ( ! qualify+ date ( su* 
eligible individual1 ! ,secret>y %all   
e/abli% an acc\nt = ! b5efit ( su*      
eligible individual4  7#b7 ,qualify+    
date ,= purposes ( p>agraph 7#a71 ! t]m 
qualify+ date means1 ) respect to an    
eligible individual1 ! fir/ date on :i* 
a return ( tax is fil$ by an individual 
) respect to :om su* eligible individual
 is a qualify+ *ild ) respect to !      

taxable ye> to :i* su* return relates4  
7#c7 ,notification ,9 ! case ( any      
eligible individual = ! b5efit ( :om !  
,secret>y e/abli%es an acc\nt "u        
p>agraph 7#a71 ! ,secret>y %all-- 7,a7  
notify any individual ) respect to :om  
su* eligible individual is a qualify+   
*ild = ! taxable ye> describ$ 9 p>agraph
 7#b7 ( ! e/abli%m5t ( su* acc\nt1 &    
7,b7 %all provide an opportunity to su* 
individual to elect to decl9e !         
application ( ?is subsection to su*     
qualify+ *ild4  7#d7 ,det]m9ation (     
default tru/ee ,= purposes ( select+ a  
tru/ee = an acc\nt e/abli%$ "u p>agraph 
7#a71 ! ,secret>y %all take into        
acc\nt-- 7,a7 ! hi/ory ( reliability &  
regulatory compliance ( su* tru/ee1     
7,b7 ! cu/om] s]vice exp]i5ce ( su*     
tru/ee1  7,c7 ! co/s impos$ by su*      
tru/ee on ! acc\nt or acc\nt b5efici>y1 
&  7,d7 to ! ext5t practicable1 !       
pref]5ces ( any individual describ$ 9   
p>agraph 7#c77;,a7 ) respect to su*     
eligible individual4  7c7 ,eligible     

individual ,= purposes ( subsection 7a71
 ! t]m eligible individual means an     
individual-- 7#a7 :o is born aft]       
,decemb] #ca1 #bjbd1 & be=e ,janu>y #a1 
#bjbi1 &  7#b7 :o is a ,unit$ ,/ates    
citiz5 at bir?4  7d7 ,social security   
numb] requir$  7#a7 ,9 g5]al ,no cr$it  
%all be all[$ "u subsection 7a7 to a    
taxpay] unless su* taxpay] includes on !
 return ( tax = ! taxable ye>-- 7,a7 su*
 individual's social security numb]1    
7,b7 if su* individual is m>ri$1 !      
social security numb] ( su* individual's
 sp\se1 &  7,c7 ! social security numb] 
( ! eligible individual ) respect to :om
 su* cr$it is all[$4  7#b7 ,social      
security numb] def9$ ,= purposes (      
p>agraph 7#a71 ! t]m social security    
numb] %all h ! mean+ giv5 su* t]m 9     
section #bd7;h77#g74  7e7 ,def9itions ,=
 purposes ( ?is section-- 7#a7 ,qualify+
 *ild ,! t]m qualify+ *ild has ! mean+  
giv5 su* t]m 9 section #aeb7;c74  7#b7  
,,maga acc\nt2 acc\nt b5efici>y ,! t]ms 
,,maga acc\nt & acc\nt b5efici>y h !    

mean+ giv5 su* t]ms 9 section           
#ecj;,a7b74  4  7b7 ,p5alty = neglig5t  
claim or fraudul5t claim ,"p ,i (       
sub*apt] ,a ( *apt] #fh ( subtitle ,f is
 am5d$ by add+ at ! end ! foll[+ new    
section3  #ffei4 ,improp] claim = ,,maga
 acc\nt contribution pilot program cr$it
  7a7 ,9 g5]al ,9 ! case ( any taxpay] t
 makes an excessive claim = a cr$it "u  
section #fdcd-- 7#a7 if su* excess is a 
result ( neglig5ce or disreg>d ( ! rules
 or regulations1 !re %all be impos$ a   
p5alty ( #ejj1 or  7#b7 if su* excess is
 a result ( fraud1 !re %all be impos$ a 
p5alty ( #a1jjj4  7b7 ,def9itions ,!    
t]ms neglig5ce & disreg>d h ! same mean+
 z :5 su* t]ms are us$ 9 section #fffb4 
4  7c7 ,omission ( correct social       
security numb] treat$ ma!matical or     
cl]ical error ,section #fbac7;g77#b7 is 
am5d$ by /rik+ & at ! end ( subp>agraph 
7,u71 by /rik+ ! p]iod at ! end (       
subp>agraph 7,v7 & ins]t+ 1 &1 & by     
ins]t+ aft] subp>agraph 7,v7 ! foll[+   
new subp>agraph3  7,w7 an omission ( a  

correct social security numb] requir$ "u
 section #fdcd7;d77#a7 7relat+ to !     
,,maga acc\nts contribution pilot       
program74  4  7d7 ,cl]ical am5dm5ts     
7#a7 ,! table ( sections = sub*apt] ,b (
 *apt] #fe is am5d$ by add+ at ! end !  
foll[+ new item3  ,sec4 #fdcd4 ,,maga   
acc\nts contribution pilot program4  4  
7#b7 ,! table ( sections = "p ,i (      
sub*apt] ,a ( *apt] #fh ( subtitle ,f is
 am5d$ by ins]t+ aft] ! item relat+ to  
section #ffeh ! foll[+ new item3  ,sec4 
#ffei4 ,improp] claim = ,,maga acc\nt   
contribution pilot program cr$it4  4    
7e7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjbd4