This legislation amends the Internal Revenue Code of 1986 to permit deductions for transfers from estates or gifts to specific types of cemetery companies. To qualify, these cemeteries must be owned and operated exclusively for the benefit of their members or chartered solely for burial purposes. Furthermore, they must not be operated for profit , and no part of their net earnings can benefit any private shareholder or individual. These changes apply to taxable years beginning after the Act's enactment. The bill also modifies provisions concerning private foundations , allowing them to make distributions to these same qualifying cemetery companies. This means foundations will not incur taxes on failure to distribute income or taxes on taxable expenditures when supporting such organizations. This aims to facilitate philanthropic support for non-profit cemeteries by removing existing tax barriers for foundations, with these amendments applying to distributions made after the date of enactment.