,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ggfj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #c1 #bjbf,mr4    
,begi* introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to exclude f gross income
 paym5ts f funds e/abli%$ by a ,/ate =  
purposes ( ! welf>e ( ! individual      
resid5ts ( su* ,/ate4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,protect      
,future ,divid5ds ,act4  #b4 ,exclusion 
( paym5ts f ,/ate sov]eign weal? funds  
7a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ be=e section   
#adj ! foll[+ new section3  #aci,m4     
,paym5ts f ,/ate sov]eign weal? funds   
7a7 ,9 g5]al ,gross income does n       
include any paym5t receiv$ by an        
individual f a ,/ate sov]eign weal?     
fund4  7b7 ,/ate sov]eign weal? fund ,= 
purposes ( ?is section1 ! t]m ,/ate     
sov]eign weal? fund means a p]man5t     
fund-- 7#a7 :i* is e/abli%$ & ma9ta9$ by

 a ,/ate solely = ! b5efit ( individual 
resid5ts ( su* ,/ate1  7#b7 to :i*      
am\nts ( ,/ate rev5ue designat$ "u ,/ate
 law are direct$1  7#c7 ! pr9cipal ( :i*
 is inve/$ 9 a mann] prescrib$ "u ,/ate 
law1 &  7#d7 f :i* p]iodic paym5ts are  
made "u ,/ate law to individuals bas$   
prim>ily on resid5cy )9 ! ,/ate & n 9   
consid]ation = any?+4  4  7b7 ,cl]ical  
am5dm5t ,! table ( sections = sub*apt]  
,b ( *apt] #a ( su* ,code is am5d$ by   
ins]t+ be=e ! item relat+ to section    
#adj ! foll[+ new item3  ,sec4 #aci,m4  
,paym5ts f ,/ate sov]eign weal? funds4  
4  7c7 ,effective date ,! am5dm5ts made 
by ?is section %all apply to paym5ts    
receiv$ aft] ! date ( ! enactm5t ( ?is  
,act4