Amends the Internal Revenue Code to exclude charitable distributions from certain employer-sponsored retirement plans from gross income.

The bill amends the Internal Revenue Code to exclude from gross income charitable distributions from certain employer-sponsored retirement plans. This applies to distributions from plans established by the United States, states, political subdivisions, or their agencies. The exclusion applies to distributions made directly to qualifying charitable organizations and only after the individual has reached age 70½. The changes apply to distributions made in taxable years beginning after the date of enactment of this Act.

Amends the Internal Revenue Code to exclude charitable distributions from certain employer-sponsored retirement plans from gross income.

The bill amends the Internal Revenue Code to exclude from gross income charitable distributions from certain employer-sponsored retirement plans. This applies to distributions from plans established by the United States, states, political subdivisions, or their agencies. The exclusion applies to distributions made directly to qualifying charitable organizations and only after the individual has reached age 70½. The changes apply to distributions made in taxable years beginning after the date of enactment of this Act.