An Act to amend the Internal Revenue Code of 1954 to provide for a distribution deduction for certain cemetery perpetual care fund, to modify the effective dates of certain provision of the Tax Reform Act of 1976, and for other purposes.

[AI summary unavailable — showing source text] Provides to cemetery perpetual care fund trusts a deduction under the Internal Revenue Code of up to $5 per gravesite per taxable year in the case where the gravesites have been purchased by the cemetery corporation before the beginning of the taxable year and with respect to which gravesites there is an obligation of care and maintenance.…