school duties In the case of any individual who is a victim (as defined by section 2(1) of the Teacher Victims’ Family Assistance Act of 2017 ), any tax imposed by this subtitle on any amount received by such individual by reason of school employment shall not apply with respect to the taxable year in which falls the date of death of the individual. . (2) Clerical amendment The table of sections for part II of subchapter J of chapter 1 of such Code is amended by inserting at the end the following new item: Sec. 693. Income taxes of elementary or secondary school staff members killed in an act of violence while performing school duties. . (b) Exclusion of teacher victim family assistance (1) In general Part III of subchapter B of chapter 1 of such Code (relating to items specifically excluded from gross income) is amended by inserting after section 139F the following new section: 139G. Teacher victim family assistance In the case of an individual, gross income does not include any amount received in a taxable year under section 2 of the Teacher Victims’ Family Assistance Act of 2017 . . (2) Clerical amendment The table of sections for such part is amended by inserting after the item relating to section 139F the following new item: Sec. 139G. Teacher victim family assistance. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2016. 5. Teacher Victims’ Family fund (a) Establishment Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following: 9512. Teacher Victims’ Family Trust Fund (a) Creation of Trust Fund There is established in the Treasury of the United States a trust fund to be known as the Teacher Victims’ Family Trust Fund (referred to in this section as the Trust Fund ), consisting of such amounts as may be appropriated or credited to the Trust Fund as provided in this section or section 9602(b). (b) Transfers to Trust Fund There is hereby appropriated to the Trust Fund an amount equivalent to