A bill to amend the Internal Revenue Code of 1954 to provide that the income of qualified trusts and educational organizations from domestic oil and gas wells shall be treated as passive income for purposes of the tax on unrelated business taxable income.

Amends the Internal Revenue Code to provide that the income of qualified employee benefit plans and medical education or research organizations from domestic oil and gas wells shall be treated as passive income for purposes of the tax on unrelated business taxable income.