[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1264 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1264

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 1, 2007

Mr. Kind (for himself, Mr. Matheson, Mr. Camp of Michigan, Mr. Tiberi, 
   and Mr. Wilson of Ohio) 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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repealed.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 the date of the enactment of 
this Act.
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