,,ii  #aai? ,,congress  #b;d ,session   
,s4 #deaa  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ac1 #bjbf,mr4    
,cram] 7= himself1 ,mr4 ,coons1 ,mr4    
,m>%all1 & ,mr4 ,w>n]7 introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to exclude f gross income *>itable
 di/ributions f c]ta9 employ]-sponsor$  
retirem5t plans1 & = o!r purposes4  #a4 
,exclusion f gross income ( *>itable    
di/ributions f c]ta9 employ]-sponsor$   
retirem5t plans  7a7 ,9 g5]al ,section  
#djb ( ! ,int]nal ,rev5ue ,code ( #aihf 
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7m7 ,di/ributions =        
*>itable purposes  7#a7 ,9 g5]al ,gross 
income = any taxable ye> %all n include 
s mu* ( ! aggregate am\nt ( qualifi$    
*>itable di/ributions made ) respect to 
a taxpay] dur+ su* taxable ye> :i* does 
n exce$ ! applicable am\nt4  7#b7       
,qualifi$ *>itable di/ribution ,=       
purposes ( ?is subsection1 ! t]m        

qualifi$ *>itable di/ribution means any 
di/ribution f a qualifi$ employ] plan-- 
7,a7 :i* is made directly by ! plan to  
an organization describ$ 9 section      
#agj7;b77#a77;,a7 7o!r ?an any          
organization describ$ 9 section         
#eji7;a77#c7 or any fund or acc\nt      
describ$ 9 section #diff7;d77#b771 &    
7,b7 :i* is made on or aft] ! date t !  
individual on ^: behalf ! di/ribution is
 made has atta9$ age #gja_/b4  ,a       
di/ribution %all be treat$ z a qualifi$ 
*>itable di/ribution only to ! ext5t t !
 di/ribution w\ld be includible 9 gross 
income )\t reg>d to p>agraph 7#a74  7#c7
 ,special rules  7,a7 ,9 g5]al ,rules   
simil> to ! rules ( subp>agraphs 7,c71  
7,e71 & 7,f7 ( section #djh7;d77#h7 %all
 apply = purposes ( ?is subsection4     
7,b7 ,application ( section #gb ,rules  
simil> to ! rules ( section             
#djh7;d77#h77;,d7 %all apply = purposes 
( ?is subsection1 by tak+ into acc\nt   
all am\nts to :i* ! taxpay] has a       
non=feitable "r 9 all qualifi$ employ]  

plans ma9ta9$ by ! employ] 9 lieu ( all 
am\nts 9 all individual retirem5t plans 
( ! individual4  7#d7 ,def9itions ,=    
purposes ( ?is subsection-- 7,a7        
,applicable am\nt ,! t]m applicable     
am\nt means ! excess (-- 7i7 ! doll>    
am\nt 9 effect "u section #djh7;d77#h7 =
 ! taxable ye>1 ov]  7ii7 ! total am\nt 
( di/ributions n includible 9 ! gross   
income ( ! taxpay] = ! taxable ye> by   
reason ( section #djh7;d77#h74  7,b7    
,qualifi$ employ] plan ,! t]m qualifi$  
employ] plan means-- 7i7 an eligible    
retirem5t plan describ$ 9 clause 7iii7  
or 7vi7 ( subsection 7c77#h77;,b71 or   
7ii7 a plan e/abli%$ = its employees by 
! ,unit$ ,/ates1 by a ,/ate or political
 subdivision !re(1 or by an ag5cy or    
in/rum5tality ( any ( ! =ego+4  4  7b7  
,s,e,ps & ,s,i,m,p,l,es ,section        
#djh7;d77#h77;,b7 ( su* ,code is am5d$  
by /rik+ 7o!r ?an a plan describ$ 9     
subsection 7k7 or 7p774  7c7 #djc7;b7   
plans ,section #djc ( su* ,code is am5d$
 by add+ at ! end ! foll[+ new          

subsection3  7d7 ,di/ributions =        
*>itable purposes ,! rules ( section    
#djb7m7 %all apply to di/ributions "u an
 annuity contract describ$ 9 subsection 
7b74  4  7d7 #deg7;b7 plans ,section    
#deg7;e7 ( su* ,code is am5d$ by add+ at
 ! end ! foll[+ new p>agraph3  7#ai7    
,di/ributions = *>itable purposes ,!    
rules ( section #djb7m7 %all apply to   
di/ributions "u an eligible def]r$      
comp5sation plan e/abli%$ & ma9ta9$ by  
an eligible employ] describ$ 9          
subsection 7e77#a77;,a74  4  7e7        
,effective date ,! am5dm5ts made by ?is 
section %all apply to di/ributions made 
9 taxable ye>s beg9n+ aft] ! date ( !   
enactm5t ( ?is ,act4