A bill to amend the Internal Revenue Code of 1954 to exempt from taxation certain trusts established for the benefit of parents or handicapped relatives, and to provide a deduction for contributions to such trusts.

Summary

Full Text

Legislative Actions

1. 1981-07-31

   Introduced in Senate

2. 1981-07-31

   Read second time and referred to Senate Committee on Finance.

3. 1981-08-04

   Committee on Finance requested executive comment from OMB; Treasury Department.