EXCLUSION OF ACCRUED INCOME WITH RESPECT TO PURCHASE OF CERTAIN BURIAL SPACES.

SEC. 8013. EXCLUSION OF ACCRUED INCOME WITH RESPECT TO PURCHASE OF CERTAIN BURIAL SPACES. (a) Exclusion From Income.—Section 1612(b) (42 U.S.C. 1382a(b)), as amended by section 8011(a) of this Act, is amended— (1) by striking “and” at the end of paragraph (14); (2) by striking the period at the end of paragraph (15) and inserting “; and”; and 103 STAT. 2465 (3) by adding at the end the following: “(16) interest accrued on the value of an agreement entered into by such individual (or such spouse) representing the purchase of a burial space excluded under section 1613(a)(2)(B), and left to accumulate.”. (b) Exclusion From Resources.—Section 1613(a)(2)(B) (42 U.S.C. 1382b(a)(2)(B)) is amended by inserting “or agreement (including any interest accumulated thereon) representing the purchase of a burial space” after “the value of any burial space”. (c) Effective Date.—The amendments made by subsections (a) and (b) shall take effect on the 1st day of the 4th month beginning after the date of the enactment of this Act.