individual’s account, which shall include— (1) a statement of the balance of individual’s USAccount, (2) a projection of the account’s growth by the time the individual attains the age of 18, and (3) such other information as the Secretary deems relevant. 11. Tax provisions (a) Tax treatment of USAccounts Subchapter F of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: IX USAccount Fund and USAccounts Sec. 530A. USAccount Fund and USAccounts. 530A. USAccount Fund and USAccounts (a) General rule The USAccount Fund and USAccounts shall be exempt from taxation under this subtitle. Notwithstanding the preceding sentence, a USAccount shall be subject to the taxes imposed by section 511 (relating to imposition of tax on unrelated business income of charitable organizations). (b) Definitions For purposes of this section, the terms USAccount Fund and USAccount have the meanings given such terms by the USAccounts: Investing in America’s Future Act of 2018 . (c) Tax treatment of distributions Any amount paid or distributed out of a USAccount— (1) which meets the distribution rules of the USAccounts: Investing in America’s Future Act of 2018 shall not be includible in gross income, and (2) which does not meet the distribution rules of section 4(e) of such Act shall be included in the gross income of the account holder. . (b) Enforcement provisions relating to private management of USAccounts (1) Excess contributions Section 4973 of the Internal Revenue Code of 1986 is amended— (A) by striking or at the end of subsection (a)(4), by inserting or at the end of subsection (a)(5), and by inserting after subsection (a)(5) the following new paragraph: (5) a USAccount subject to management under section 4(g) of the USAccounts: Investing in America’s Future Act of 2018 , , and (B) by adding at the end the following new subsection: (h) Excess contributions to privately managed USAccounts For purposes of this section, in the case of a USAccount subject to management under section