EXEMPTION FOR INCOME FROM LEVERAGED REAL ESTATE HELD BY CHURCH PLANS.

SEC. 866. EXEMPTION FOR INCOME FROM LEVERAGED REAL ESTATE HELD BY CHURCH PLANS.(a) In General.—Section 514(c)(9)(C) of the Internal Revenue Code of 1986 is amended by striking “or” after clause (ii), by striking the period at the end of clause (iii) and inserting “; or”, and by inserting after clause (iii) the following:“(iv) a retirement income account described in section 403(b)(9).”.(b) Effective Date.—The amendment made by subsection (a) shall apply to taxable years beginning on or after the date of enactment of this Act.