Section 1 Short title
This Act may be cited as the “Special Needs Trust Improvement Act of 2022”.
Special Needs Trust Improvement Act of 2022
A BILL
To amend the Internal Revenue Code of 1986 to modify rules relating to beneficiaries of charitable remainder trusts.
Sec. 2 Treatment of charitable remainder beneficiaries in applicable multi-beneficiary trusts under defined contribution plan distribution rules after death of employee
In general— Section 401(a)(9)(H)(iv)(II) of the Internal Revenue Code of 1986 is amended by striking “no individual” and inserting “no beneficiary”.
Applicable multi-Beneficiary trust definition— Section 401(a)(9)(H)(v) of such Code is amended by adding at the end the following:
Effective date— The amendments made by this section shall take effect as if included in section 401 of the Setting Every Community Up for Retirement Enhancement Act of 2019.