; model disclosure forms (a) In general The Secretary of the Treasury, in consultation with such other agency heads as the Secretary considers appropriate, may issue such regulations as may be necessary to carry out this title. (b) Model disclosure forms (1) In general Not later than 180 days after the date of enactment of this Act, the Secretary of the Treasury, after consultation with such other agency heads as the Secretary considers appropriate, shall promulgate a model disclosure form for the disclosures required under section 103(b). (2) Safe harbor Any person who uses the model disclosure form promulgated pursuant to paragraph (1) and includes accurate information required to be disclosed under section 103(c) shall be deemed to have satisfied the requirements of section 103(b). II Tax Treatment of Income Share Agreements 201. Tax treatment of income share agreements (a) Exclusion from gross income of income share agreement proceeds Payments made under an income share agreement that complies with the requirements of section 103 to or on behalf of the individual who commits to pay a specified percentage of the future income of the individual to another person under such agreement, and any difference in value of the payments to or on behalf of such individual and the total amount paid by such individual, shall not be includible in the gross income of such individual for purposes of the Internal Revenue Code of 1986. (b) Treatment of payments of future income Payments of future income received by another person under an income share agreement shall be treated for purposes of the Internal Revenue Code of 1986— (1) first, with respect to so much of such payments as does not exceed the amount of the payments to which subsection (a) applies with respect to the agreement, as a repayment of investment in the contract which reduces the basis of the holder in the agreement