Allowing HSA rollover to Trump account upon death of account holder

(a) In general Section 223(e)(8) of the Internal Revenue Code of 1986, as amended by the preceding provisions of this Act, is amended— (1) by redesignating subparagraph (B) as subparagraph (C), (2) by inserting after subparagraph (A) the following new subparagraph: (B) Treatment of rollover to Trump account (i) In general If, by reason of the death of the account beneficiary, the entire balance of a health savings account of the account beneficiary is paid or distributed in a direct trustee-to-trustee transfer from such health savings account to a Trump account maintained for the benefit of any eligible individual, the amount so paid or distributed shall not be includible in the gross income of either the account beneficiary or the eligible individual. (ii) Definitions For purposes of this subparagraph, the terms Trump account and eligible individual have the meaning given such terms in section 530A(b)., and (3) by striking subparagraph (A) does not apply in subparagraph (C), as so redesignated, and inserting subparagraphs (A) and (B) do not apply. (b) Treatment as exempt contributions Section 530A(c)(2)(B) of such Code, as amended by the preceding provisions of this Act, is amended— (1) in clause (iii), by striking or at the end, (2) in clause (iv), by strike the period at the end and inserting, or, and (3) by adding at the end the following new clause: (v) any amount contributed as described in section 223(e)(8)(B).. (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.