TRUST INCOME FOR BENEFIT OF A SPOUSE.

SEC. 332. TRUST INCOME FOR BENEFIT OF A SPOUSE. (a) Income for Benefit of Grantor’s Spouse.— (1) Paragraphs (1), (2), and (3) of section 677(a) (relating to income for benefit of grantor) are amended by striking out “the grantor” each place it appears and inserting in lieu thereof “the grantor or the grantor’s spouse”. (2) Section 677(b) is amended by striking out “beneficiary” and inserting in lieu thereof “beneficiary (other than the grantor’s spouse)”. (b) Effective Date.—The amendments made by subsection (a) shall apply in respect of property transferred in trust after October 9, 1969.