CLARIFICATION OF VALUATION RULE FOR EARLY TERMINATION OF CERTAIN CHARITABLE REMAINDER UNITRUSTS.

SEC. 344. CLARIFICATION OF VALUATION RULE FOR EARLY TERMINATION OF CERTAIN CHARITABLE REMAINDER UNITRUSTS. (a) [26 U.S.C. 664] In General.—Section 664(e) is amended— (1) by adding at the end the following: “In the case of the early termination of a trust which is a charitable remainder unitrust by reason of subsection (d)(3), the valuation of interests in such trust for purposes of this section shall be made under rules similar to the rules of the preceding sentence.”, and (2) by striking “for Purposes of Charitable Contribution” in the heading thereof and inserting “of Interests”. (b) [26 U.S.C. 664 note] Effective Date.—The amendment made by this section shall apply to terminations of trusts occurring after the date of the enactment of this Act.