To amend the Internal Revenue Code of 1986 to treat charitable remainder pet trusts in a similar manner as charitable remainder annuity trusts and charitable remainder unitrusts.

Amends the Internal Revenue Code to treat a charitable remainder pet trust (a trust created to provide, for a period of up to 20 years, for the exclusive benefit of one or more pets) in a manner similar to charitable remainder annuity trusts and charitable remainder unitrusts.