laws). (E) Section 408(h) (relating to custodial accounts). (F) Section 223(f)(7) (relating to transfer of account incident to divorce). (G) Section 223(f)(8) (relating to treatment after death of account beneficiary). (4) Denial of double benefit No deduction shall be allowed under this chapter for any qualified disaster and public health emergency expenses with respect to which any payment or distribution is excluded from gross income under subsection (f)(1). (i) Reports The Secretary may require the trustee of a small business emergency savings account to make such reports regarding such account to the Secretary and to the account beneficiary with respect to contributions, distributions, the return of excess contributions, and such other matters as the Secretary determines appropriate. . (b) Deduction allowed whether or not individual itemizes other deductions Section 62(a) of such Code is amended by inserting after paragraph (21) the following new paragraph: (22) Small business emergency savings accounts In the case of an individual who is an eligible business, the deduction allowed by section 200. . (c) Tax on excess contributions Section 4973 of such Code (relating to tax on excess contributions to certain tax-favored accounts and annuities) is amended— (1) by striking or at the end of subsection (a)(5), by inserting or at the end of subsection (a)(6), and by inserting after subsection (a)(6) the following new paragraph: (7) a small business emergency savings account (within the meaning of section 220(d)),