; younger age An arrangement may provide a shorter period of service or younger age for purposes of subparagraph (B). (3) Tax treatment of distributions (A) In general Any distribution from a flexible giving account shall be includible in the gross income of the distributee in the manner as provided in section 72. (B) Exception for charitable contributions (i) In general Subparagraph (A) shall not apply to any distribution which is a charitable contribution made pursuant to paragraph (1). (ii) Coordination with section 170 Distributions from the flexible giving account of an employee— (I) shall be treated as a charitable contribution of the employee, (II) shall not be taken into account under section 170(a) (relating to allowance of deduction), but (III) shall be taken into account under section 170(b) (relating to percentage limitation). (C) Additional tax for distributions not used for charitable purposes The tax imposed by this chapter for any taxable year on any taxpayer from whose flexible giving account a distribution is made that is includible in gross income shall be increased by 20 percent of the amount which is so includible. (D) Identifying Information No distribution shall be excluded from the gross income under subparagraph (B) unless the taxpayer provides on the return of tax the name and address of the entity to whom the distribution is made. In the case of a failure to provide the information required by the preceding sentence, the preceding sentence shall not apply if it is shown that the taxpayer exercised due diligence in attempting to provide the information so required. (4) Charitable contribution For purposes of this section, the term charitable contribution has the meaning given such term by section 170(c), except that such term irrevocable transfers of funds and not just a pledges or agreement to make a transfer in the future. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.