H.R. 3061

To amend the Internal Revenue Code of 1986 to repeal the dollar limitation on contributions to funeral trusts.

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I

109th CONGRESS

1st Session

H. R. 3061

IN THE HOUSE OF REPRESENTATIVES

June 24, 2005

Mr. Chocola (for himself and Mr. Matheson) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to repeal the dollar limitation on contributions to funeral trusts.

1.

Repeal of dollar limitation on contributions to funeral trusts

(a)

In general

Subsection (c) of section 685 of the Internal Revenue Code of 1986 (relating to treatment of funeral trusts) is repealed.

(b)

Conforming amendment

Subsections (d), (e), and (f) of such section are redesignated as subsections (c), (d), and (e), respectively.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2005.