REPEAL OF EXCESS DISTRIBUTION AND EXCESS RETIREMENT ACCUMULATION TAX.

SEC. 1073. REPEAL OF EXCESS DISTRIBUTION AND EXCESS RETIREMENT ACCUMULATION TAX. (a) Repeal of Excess Distribution and Excess Retirement Accumulation Tax.—Section 4980A (relating to excess distributions from qualified retirement plans) is repealed. (b) Conforming Amendments.— (1) Section 691(c)(1) is amended by striking subparagraph (C). (2) Section 2013 is amended by striking subsection (g). (3) Section 2053(c)(1)(B) is amended by striking the last sentence. (4) Section 6018(a) is amended by striking paragraph (4). (c) Effective Dates.—111 STAT. 949 (1) Excess distribution tax repeal.—Except as provided in paragraph (2), the repeal made by subsection (a) shall apply to excess distributions received after December 31, 1996. (2) Excess retirement accumulation tax repeal.—The repeal made by subsection (a) with respect to section 4980A(d) of the Internal Revenue Code of 1986 and the amendments made by subsection (b) shall apply to estates of decedents dying after December 31, 1996.