II
110th CONGRESS
1st Session
S. 1743
IN THE SENATE OF THE UNITED STATES
June 28, 2007
Mr. Hatch (for himself, Mr. Kohl, Mr. Specter, and Mr. Crapo) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to repeal the dollar limitation on contributions to funeral trusts.
Repeal of dollar limitation on contributions to funeral trusts
In general
Subsection (c) of section 685 of the Internal Revenue Code of 1986 (relating to treatment of funeral trusts) is repealed.
Conforming amendment
Subsections (d), (e), and (f) of such section are redesignated as subsections (c), (d), and (e), respectively.
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2006.