I 
110TH CONGRESS 
1ST SESSION H. R. 2491 
To amend the Internal Revenue Code of 1986 to treat charitable remainder 
pet trusts in a manner similar to charitable remainder annuity trusts. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 24, 2007 
Mr. BLUMENAUER (for himself and Mr. RAMSTAD) introduced the following 
bill; which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to treat chari-
table remainder pet trusts in a manner similar to chari-
table remainder annuity trusts. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. TREATMENT OF CHARITABLE REMAINDER PET 
TRUSTS IN MANNER SIMILAR TO CHARI-
TABLE REMAINDER ANNUITY TRUSTS. 
(a) IN GENERAL.—Subsection (a) of section 664 of 
the Internal Revenue Code of 1986 (relating to general 
rule) is amended— 
(1) by striking ‘‘annuity trust and’’ and insert-
ing ‘‘annuity trust,’’, and 
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(2) by inserting ‘‘, and a charitable remainder 
pet trust’’ before the period at the end. 
(b) INCOME TAX TREATMENT.—Subsections (a) and 
(c) of section 664 of such Code (relating to exemption 
from income taxes) are both amended— 
(1) by striking ‘‘annuity trust and’’ and insert-
ing ‘‘annuity trust,’’, and 
(2) by inserting ‘‘, and a charitable remainder 
pet trust’’ after ‘‘unitrust’’. 
(c) CHARITABLE
REMAINDER
PET
TRUST
DE-
FINED.—Subsection (d) of section 664 of such Code (re-
lating to definitions) is amended by adding at the end the 
following new paragraphs: 
‘‘(5) CHARITABLE REMAINDER PET TRUST.— 
For purposes of this section— 
‘‘(A) IN GENERAL.—A charitable remain-
der pet trust is a trust— 
‘‘(i) from which a sum certain (which 
is not less than 5 percent nor more than 
50 percent of the initial net fair market 
value for all property placed in trust) is to 
be paid, not less often than annually, to a 
designated person or organization, or a 
successor designated person or organiza-
tion, for the exclusive benefit (but allowing 
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for payment of any income tax resulting 
from the payment) of one or more specified 
pets for a term of years (not in excess of 
20 years), such payments to terminate at 
the earlier of the expiration of the term of 
years or the death of the last surviving 
specified pet, 
‘‘(ii) from which no amount other 
than the payments described in clause (i) 
and the taxes imposed pursuant to sub-
section (c) may be paid to or for the use 
of any person other than an organization 
described in section 170(c), 
‘‘(iii) following the termination of the 
payments described in clause (i), the re-
mainder interest in the trust is to be trans-
ferred to, or for the use of, an organization 
described in section 170(c), and 
‘‘(iv) the value (determined under sec-
tion 7520) of such remainder interest is at 
least 10 percent of the initial fair market 
value of all property placed in the trust. 
‘‘(B) VALUE OF REMAINDER INTEREST.— 
For purposes of determining the value of the 
remainder interest of a charitable remainder pet 
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trust, the pets’ life expectancy shall be dis-
regarded. 
‘‘(C) PET.—A pet is any domesticated 
companion animal (including a domesticated 
companion cat, dog, rabbit, guinea pig, ham-
ster, gerbil, ferret, mouse, rat, bird, fish, rep-
tile, or horse) which is living, and owned or 
cared for by the taxpayer establishing the trust, 
at the time of the creation of the trust.’’. 
(d) CONFORMING AMENDMENTS.— 
(1) Sections 170(f)(2)(A), 2055(e)(2)(A), and 
2522(c)(2)(A) of such Code are each amended by 
striking ‘‘charitable remainder annuity trust or a 
charitable remainder unitrust’’ and inserting ‘‘chari-
table remainder annuity trust, charitable remainder 
unitrust, or charitable remainder pet trust’’. 
(2) Sections 664(e) and 1361(e)(1)(B)(iii) of 
such Code are both amended by striking ‘‘charitable 
remainder annuity trust or charitable remainder 
unitrust’’ and inserting ‘‘charitable remainder annu-
ity trust, charitable remainder unitrust, or charitable 
remainder pet trust’’. 
(3) Paragraphs (1) and (3) of section 664(f) of 
such Code are both amended by striking ‘‘paragraph 
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(1)(A) or (2)(A)’’ and inserting ‘‘paragraph (1)(A), 
(2)(A), or (5)(A)(i)’’. 
(4) Section 2055(e)(3)(F) of such Code is 
amended by inserting ‘‘or pet (as defined in section 
664(d)(5)(C))’’ after ‘‘by reason of the death of any 
individual’’. 
(5) Section 2652(c)(1)(C) of such Code is 
amended— 
(A) in clause (i) by inserting ‘‘within the 
meaning of section 664’’ before the comma at 
the end, and 
(B) by striking ‘‘or’’ at the end of clause 
(ii), by redesignating clause (iii) as clause (iv), 
and by inserting after clause (ii) the following 
new clause: 
‘‘(iii) a charitable remainder pet trust 
within the meaning of section 664, or’’. 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to charitable remainder pet trusts 
created after the date of the enactment of this Act. 
Æ 
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