H.R. 8783 — To amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.

This section excludes from gross income qualified charitable distributions from qualified employer plans (including certain 401(a) plans, governmental plans, 403(b) plans, and 457(b) plans) made directly to eligible charities after the individual attains age 70½, up to the excess of the annual IRA QCD limit over IRA QCDs for the year. It applies the same rules to SEPs and SIMPLE IRAs. The changes take effect for taxable years beginning after enactment.