A bill to amend the Internal Revenue Code of 1986 to provide for the exemption from taxation of trusts established by an individual to provide care for a mentally or physically disabled dependent of such individual, to provide a deduction for contributions to such trusts, and for other purposes.

Summary

Amends the Internal Revenue Code to exempt from income taxes qualified child-care trusts established for the benefit of a disabled child. Allows a tax deduction for contributions to such trusts. Declares that amounts paid from such trusts shall not be taken into account for purposes of determining eligibility for other Federal assistance.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 17 November 1989

  Open at official source

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