[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 1743 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                S. 1743

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


_______________________________________________________________________


                   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.

    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repealed.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 December 31, 2006.
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