26 U.S.C. § 139J

§ 139J. Certain contributions to Trump accounts

55 words

No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Changed by the 2025 tax law

Added in 2025 by the One Big Beautiful Bill Act (2025). Last changed July 4, 2025 by the One Big Beautiful Bill Act (2025).

Every change, newest first (1)

The law as written

Current through Public Law 119-102. Amendment notes omitted.

Structure

(a) In general

Gross income of an account beneficiary shall not include any qualified general contribution to a Trump account of the account beneficiary.

(b) Definitions

Any term used in this section which is used in section 530A shall have the meaning given such term under section 530A.