if the payment or distribution is— (i) made to a beneficiary (or to the estate of the designated beneficiary) on or after the death of the designated beneficiary, or (ii) attributable to the designated beneficiary's being disabled (within the meaning of section 72(m)(7)). (C) Contributions returned before certain date Subparagraph (A) shall not apply to the distribution of any contribution made during a taxable year on behalf of the designated beneficiary if— (i) such distribution is received on or before the day prescribed by law (including extensions of time) for filing such designated beneficiary's return for such taxable year, and (ii) such distribution is accompanied by the amount of net income attributable to such excess contribution. (d) Reports Each officer or employee having control of the qualified down payment savings program or their designee shall make such reports regarding such program to the Secretary and to designated beneficiaries with respect to contributions, distributions, and such other matters as the Secretary may require. The reports required by this subsection shall be filed at such time and in such manner and furnished to such individuals at such time and in such manner as may be required by the Secretary. (e) Other definitions and special rules For purposes of this section— (1) Designated beneficiary The term designated beneficiary means the individual designated at the commencement of participation in the qualified down payment savings program as the beneficiary of amounts paid (or to be paid) to the program. (2) Qualified down payment expenses The term qualified down payment expenses means amounts (including closing costs) paid or incurred to purchase a principal residence (within the meaning of section 121). (3) Qualified down payment savings account The term qualified down payment savings account means an account maintained under a qualified down payment savings program. (f) Regulations Notwithstanding any other provision of this section, the Secretary, in consultation with the