A bill to amend section 501(c) of the Internal Revenue Code of 1954 as amended.

[AI summary unavailable — showing source text] Creates an exemption from taxation under the Internal Revenue Code for trusts the purpose of which is to satisfy the liabilities of its contributors with respect to the Federal Health Mine and Safety Act as amended by the Black Lung Benefit Act, or any State "Black Lung Acts", if the income from such trust may be used only to pay the benefits authorized by and incidental to the administration of such Act.…