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.

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Subsection (c) of section 685 of the Internal Revenue Code of 1986 (relating to treatment of funeral trusts) is repealed.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