MODIFICATION OF AGI LIMIT FOR CONVERSIONS TO ROTH IRAs.

SEC. 7004. MODIFICATION OF AGI LIMIT FOR CONVERSIONS TO ROTH IRAs. (a) In General.— Section 408A(c)(3)(C)(i) (relating to limits based on modified adjusted gross income) is amended to read as follows: “(i) adjusted gross income shall be determined in the same manner as under section 219(g)(3), except that— “(I) any amount included in gross income under subsection (d)(3) shall not be taken into account; and “(I) any amount included in gross income by reason of a required distribution under a provision described in paragraph (5) shall not be taken into account for purposes of subparagraph (B)(i).”. (b) Effective Date.— The amendment made by this section shall apply to taxable years beginning after December 31, 2004.