MODIFICATION OF REQUIRED MINIMUM DISTRIBUTION RULES FOR SPECIAL NEEDS TRUSTS.

SEC. 337. MODIFICATION OF REQUIRED MINIMUM DISTRIBUTION RULES FOR SPECIAL NEEDS TRUSTS.(a) In General.—Section 401(a)(9)(H)(iv)(II) is amended by striking “no individual” and inserting “no beneficiary”. (b) Conforming Amendment.—Section 401(a)(9)(H)(v) is amended by adding at the end the following flush sentence:“For purposes of the preceding sentence, in the case of a trust the terms of which are described in clause (iv)(II), any beneficiary which is an organization described in section 408(d)(8)(B)(i) shall be treated as a designated beneficiary described in subclause (II).”. (c) Effective Date.—The amendments made by this section shall apply to calendar years beginning after the date of the enactment of this Act.