Pub. L. 110-458 Dec. 23, 2008

122 Stat. 5109 · Changed 23 sections of the Code

Bill H.R. 7327 · Bluebook JCT general explanation (2009)

§ 72 Annuities; certain proceeds of endowment and life insurance contracts

  • (t)(2)(G)(iv) Pub. L. 110–458 inserted “on or” before “before” in first sentence.

§ 105 Amounts received under accident and health plans

  • (j) Pub. L. 110–458 added subsec. (j).

§ 401 Qualified pension, profit-sharing, and stock bonus plans

  • (a)(9)(H) Pub. L. 110–458, § 201(a), added subpar. (H).
  • (a)(29) Pub. L. 110–458, § 101(d)(2)(A), struck out “on plans in at-risk status” after “limitations” in heading.
  • (a)(32)(C) Pub. L. 110–458, § 101(d)(2)(B), substituted “section 430(j)(3)” for “section 430(j)” and “section 430(j)(4)(A)” for…
  • (a)(33)(B)(iii) Pub. L. 110–458, § 101(d)(2)(C)(i), substituted “section 412(d)(2)” for “section 412(c)(2)”.
  • (a)(33)(D) Pub. L. 110–458, § 101(d)(2)(C)(ii), substituted “section 412(b)(1), without regard to section 412(b)(2)” for “section…
  • (a)(35)(E)(iv) Pub. L. 110–458, § 109(a), amended cl. (iv) generally. Prior to amendment, text read as follows: “For purposes of…
  • (k)(8)(E) Pub. L. 110–458, § 109(b)(2), substituted “permissible withdrawal” for “erroneous automatic contribution” in heading…
  • (k)(13)(D)(i)(I) Pub. L. 110–458, § 109(b)(1), substituted “such contributions as exceed 1 percent but do not” for “such compensation as…

§ 402 Taxability of beneficiary of employees’ trust

  • (c)(4) Pub. L. 110–458, § 201(b), inserted concluding provisions.
  • (c)(11)(A) Pub. L. 110–458, § 108(f)(1)(A), inserted “described in paragraph (8)(B)(iii)” after “eligible retirement plan” in…
  • (c)(11)(A)(i) Pub. L. 110–458, § 108(f)(2)(B), struck out “for purposes of this subsection” after “eligible rollover distribution”.
  • (c)(11)(B) Pub. L. 110–458, § 108(f)(1)(B), struck out “trust” before “designated beneficiary”.
  • (f)(2)(A) Pub. L. 110–458, § 108(f)(2)(A), inserted at end “Such term shall include any distribution to a designated beneficiary…
  • (g)(2)(A)(ii) Pub. L. 110–458, § 109(b)(3), inserted “through the end of such taxable year” after “such amount”.
  • (l)(1) Pub. L. 110–458, § 108(j)(1)(A), inserted “maintained by the employer described in paragraph (4)(B)” after “an eligible…
  • (l)(3)(B) Pub. L. 110–458, § 108(j)(2), substituted “all amounts to the credit of the eligible public safety officer in all…
  • (l)(4)(D) Pub. L. 110–458, § 108(j)(1)(B), inserted “(as defined in section 152)” after “dependents” and substituted “health…
  • (l)(5)(A) Pub. L. 110–458, § 108(j)(1)(C), substituted “health plan” for “health insurance plan”.

§ 404 Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan

  • (a)(1)(D)(i) Pub. L. 110–458, § 108(b), substituted “431(c)(6)(D)” for “431(c)(6)(C)”.
  • (a)(7)(A) Pub. L. 110–458, § 108(a)(2), in concluding provisions, substituted “the excess (if any) of the plan’s funding target…
  • (a)(7)(C)(iii) Pub. L. 110–458, § 108(c), amended cl. (iii) generally. Prior to amendment, text read as follows: “In the case of…
  • (o)(2)(A)(ii) Pub. L. 110–458, § 108(a)(1)(A), substituted “430(g)(3)” for “430(g)(2)”.
  • (o)(4)(B) Pub. L. 110–458, § 108(a)(1)(B), substituted “412(d)(3)” for “412(f)(4)”.

§ 408A Roth IRAs

  • (c)(3)(B) Pub. L. 110–458, § 108(d)(1), in introductory provisions, struck out second “an” before “eligible” and “other than a…
  • (c)(3)(C) (c)(3)(E) Pub. L. 110–458, § 108(h)(1), redesignated subpar. (C) relating to inflation adjustment as subpar. (E).
  • (d)(3)(B) Pub. L. 110–458, § 108(d)(2), struck out “(other than a Roth IRA)” after “section 402(c)(8)(B))” and inserted at end…
  • (c)(3)(D) (c)(3)(E) Pub. L. 110–458, § 108(h)(2), redesignated subpar. (E) as (D) and substituted “subparagraph (B)(ii)” for “subparagraph…

§ 409A Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans

  • (b)(3)(A)(ii) Pub. L. 110–458 inserted “to an applicable covered employee” after “under the plan”.

§ 411 Minimum vesting standards

  • (a)(3)(C) Pub. L. 110–458, § 101(d)(2)(D)(i), substituted “section 412(d)(2)” for “section 412(c)(2)”.
  • (a)(3)(G) Pub. L. 110–458, § 109(b)(2), substituted “permissible withdrawal” for “erroneous automatic contribution” in heading…
  • (a)(13)(A) Pub. L. 110–458, § 107(b)(2), substituted “subparagraph (B)” for “paragraph (2)” in cl. (i) and “subparagraph (C)” for…
  • (b)(5)(A)(iii) Pub. L. 110–458, § 107(b)(1)(A), substituted “subparagraph” for “clause”.
  • (b)(5)(B)(i)(II) Pub. L. 110–458, § 107(b)(3), amended subcl. (II) generally. Prior to amendment, text read as follows: “An interest…
  • (b)(5)(C) Pub. L. 110–458, § 107(b)(1)(B), inserted “otherwise” before “allowable”.
  • (d)(6)(A) Pub. L. 110–458, § 101(d)(2)(D)(ii), substituted “section 412(d)(2)” for “section 412(e)(2)”.

§ 412 Minimum funding standards

  • (b)(3) Pub. L. 110–458, § 102(b)(2)(H), substituted “the plan sponsor adopts” for “the plan adopts”.
  • (c)(1)(A)(i) Pub. L. 110–458, § 101(a)(2)(A), substituted “the plan are” for “the plan is”.
  • (c)(7)(A) Pub. L. 110–458, § 101(a)(2)(B), inserted “which reduces the accrued benefit of any participant” after “subsection…
  • (d)(1) Pub. L. 110–458, § 101(a)(2)(C), struck out “, the valuation date,” after “If the funding method”.

§ 414 Definitions and special rules

  • (l)(2)(B)(i)(I) Pub. L. 110–458, § 101(d)(2)(E), amended subcl. (I) generally. Prior to amendment, subcl. (I) read as follows: “the…
  • (w)(3)(B) (w)(3)(C) (w)(3) Pub. L. 110–458, § 109(b)(4), inserted “and” after comma at end of subpar. (B), redesignated subpar. (D) as (C), and…
  • (w)(5)(D) (w)(5)(E) Pub. L. 110–458, § 109(b)(5), added subpars. (D) and (E).
  • (w)(6) Pub. L. 110–458, § 109(b)(6), inserted “or for purposes of applying the limitation under section 402(g)(1)” before…
  • (x)(1) Pub. L. 110–458, § 109(c)(1), inserted at end “In the case of a termination of the defined benefit plan and the…

§ 415 Limitations on benefits and contribution under qualified plans

  • (b)(2)(E)(v) Pub. L. 110–458, § 103(b)(2)(B)(i), amended cl. (v) generally. Prior to amendment, cl. (v) read as follows: “For…
  • (b)(2)(E)(vi) Pub. L. 110–458, § 122(a), added cl. (vi).
  • (b)(10) Pub. L. 110–458, § 109(d)(1), made technical correction to directory language of Pub. L. 109–280, § 906(b)(1)(B)(ii).…
  • (f)(2) (f) Pub. L. 110–458, § 108(g), redesignated par. (3) as par. (2) and struck out former par. (2) which related to annual…

§ 417 Definitions and special rules for purposes of minimum survivor annuity requirements

  • (e)(3)(D) Pub. L. 110–458 substituted “subparagraph (C)” for “clause (ii)”.

§ 420 Transfers of excess pension assets to retiree health accounts

  • (c)(1)(A) Pub. L. 110–458, § 108(i)(1), inserted last sentence “In the case of a qualified future transfer or collectively…
  • (f)(2)(D)(i)(I) Pub. L. 110–458, § 108(i)(2), struck out “such” after “average amount of”.

§ 430 Minimum funding standards for single-employer defined benefit pension plans

  • (b) Pub. L. 110–458, § 101(b)(2)(A), amended subsec. (b) generally. Prior to amendment, text read as follows: “For purposes…
  • (c)(5) Pub. L. 110–458, § 202(b)(2), added cl. (i) and struck out former cl. (i). Prior to amendment, text read as follows…
  • (c)(5) Pub. L. 110–458, § 202(b)(1), redesignated cl. (iv) as (iii) and struck out former cl. (iii). Prior to amendment, text…
  • (c)(5) Pub. L. 110–458, § 101(b)(2)(B), inserted “beginning” before “after 2008”.
  • (c)(5) Pub. L. 110–458, § 202(b)(1), redesignated cl. (iv) as (iii).
  • (c)(5) Pub. L. 110–458, § 101(b)(2)(C), inserted “for such year” after “beginning in 2007)”.
  • (f)(3)(A) Pub. L. 110–458, § 101(b)(2)(D)(i), struck out “as of the first day of the plan year” after “credited by the plan…
  • (f)(4)(A) Pub. L. 110–458, § 101(b)(2)(D)(ii), substituted “paragraph (3)” for “paragraph (2)”.
  • (f)(6)(B)(iii) Pub. L. 110–458, § 101(b)(2)(D)(iii), substituted “subsection (b), (c), or (e) of section 436” for “paragraph (1), (2)…
  • (f)(6)(C) Pub. L. 110–458, § 101(b)(2)(D)(iv), struck out “the sum of” after “by” in introductory provisions.
  • (f)(8) Pub. L. 110–458, § 101(b)(2)(D)(v), struck out “of the Treasury” after “by the Secretary”.
  • (g)(3)(B) Pub. L. 110–458, § 121(b), amended concluding provisions generally. Prior to amendment, concluding provisions read as…
  • (h)(2)(B) Pub. L. 110–458, § 101(b)(2)(E)(i), (ii), in introductory provisions, inserted “and target normal cost” after “funding…
  • (h)(2)(F) Pub. L. 110–458, § 101(b)(2)(E)(iii), (iv), substituted “section 417(e)(3)(D)(i) for such month)” for “section…
  • (i)(2)(A) Pub. L. 110–458, § 101(b)(2)(F)(i)(I), added subpar. (A) and struck out former subpar. (A) which read as follows: “the…
  • (i)(2)(B) Pub. L. 110–458, § 101(b)(2)(F)(i)(II), substituted “the amount determined under subsection (b)(1)(A)(i) with respect…
  • (i)(4)(B) Pub. L. 110–458, § 101(b)(2)(F)(ii), substituted “subparagraph (A)” for “subparagraph (A)(ii)” in concluding provisions.
  • (j)(3)(A) Pub. L. 110–458, § 101(b)(2)(G)(i), inserted at end “In the case of plan years beginning in 2008, the funding shortfall…
  • (j)(3)(D)(ii)(II) Pub. L. 110–458, § 101(b)(2)(G)(ii), substituted “section 412(c)” for “section 302(c)”.
  • (j)(3)(E) Pub. L. 110–458, § 101(b)(2)(G)(iii), (iv), substituted “, short years, and years with alternate valuation date” for…
  • (k)(1) Pub. L. 110–458, § 101(b)(2)(H)(i), inserted “(as provided under paragraph (2))” after “applies” in introductory…
  • (k)(6)(B) Pub. L. 110–458, § 101(b)(2)(H)(ii), struck out “, except that in the case of a payment other than a required…

§ 432 Additional funding rules for multiemployer plans in endangered status or critical status

  • (b)(3)(C) Pub. L. 110–458, § 102(b)(2)(A), substituted “section 101(b)(1)” for “section 101(b)(4)”.
  • (b)(3)(D)(iii) Pub. L. 110–458, § 102(b)(2)(B), substituted “The Secretary, in consultation with the Secretary of Labor” for “The…
  • (c)(3)(A)(ii) Pub. L. 110–458, § 102(b)(2)(C)(i), substituted “section 431(d)” for “section 304(d)”.
  • (c)(7)(A)(ii) Pub. L. 110–458, § 102(b)(2)(C)(ii)(I), substituted “to adopt a contribution schedule with terms consistent with the…
  • (c)(7)(B) Pub. L. 110–458, § 102(b)(2)(C)(ii)(II), added subpar. (B), and struck out former subpar. (B). Prior to amendment, text…
  • (e)(3)(C)(i)(II) Pub. L. 110–458, § 102(b)(2)(D)(i)(I), substituted “to adopt a contribution schedule with terms consistent with the…
  • (e)(3)(C)(ii) Pub. L. 110–458, § 102(b)(2)(D)(i)(II), added cl. (ii) and struck out former cl. (ii). Prior to amendment, text read as…
  • (e)(4)(A)(ii) Pub. L. 110–458, § 102(b)(2)(D)(ii)(I), struck out “the date of” after “in effect on”.
  • (e)(4)(B) Pub. L. 110–458, § 102(b)(2)(D)(ii)(II), substituted “but taking” for “and taking”.
  • (e)(6) Pub. L. 110–458, § 102(b)(2)(D)(iii), substituted “the last sentence of paragraph (1)” for “paragraph (1)(B)(i)” in…
  • (e)(8)(A)(i) Pub. L. 110–458, § 102(b)(2)(D)(iv)(I), substituted “section 411(d)(6)” for “section 204(g)”.
  • (e)(8)(C)(i)(II) Pub. L. 110–458, § 102(b)(2)(D)(iv)(II), inserted “of the Employee Retirement Income Security Act of 1974” after…
  • (e)(8)(C)(iii) Pub. L. 110–458, § 102(b)(2)(D)(iv)(IV), which directed substitution of “the Secretary” for “the Secretary of Labor” in…
  • (e)(8)(C)(iii)(I) Pub. L. 110–458, § 102(b)(2)(D)(iv)(III), substituted “the Secretary, in consultation with the Secretary of Labor” for…
  • (e)(9)(B) Pub. L. 110–458, § 102(b)(2)(D)(v), substituted “the allocation of unfunded vested benefits to an employer” for “an…
  • (f)(2)(A)(i) Pub. L. 110–458, § 102(b)(2)(E), substituted “section 411(a)(9)” for “411(b)(1)(A)” and inserted at end “to a…
  • (g) Pub. L. 110–458, § 102(b)(2)(F), inserted “under subsection (c)” after “for adoption of a funding improvement plan”.
  • (i) Pub. L. 110–458, § 102(b)(2)(G)(i), substituted “section 431(a)” for “section 412(a)”.
  • (i) Pub. L. 110–458, § 102(b)(2)(G)(ii), added par. (9) and struck out former par. (9). Prior to amendment, text read as…

§ 436 Funding-based limits on benefits and benefit accruals under single-employer plans

  • (b)(2) Pub. L. 110–458, § 101(c)(2)(A), substituted “section 430” for “section 303” in introductory provisions and “an…
  • (b)(3) Pub. L. 110–458, § 101(c)(2)(B), inserted “benefit” after “event” in heading and substituted “an event” for “any event”…
  • (d)(5) Pub. L. 110–458, § 101(c)(2)(C), inserted concluding provisions.
  • (f)(1)(D) Pub. L. 110–458, § 101(c)(2)(D)(i), inserted “adjusted” before “funding”.
  • (f)(2) Pub. L. 110–458, § 101(c)(2)(D)(ii), substituted “prefunding balance or funding standard carryover balance under…
  • (j)(3) Pub. L. 110–458, § 101(c)(2)(E)(i), struck out “without regard to this paragraph and” before “without regard to the…
  • (j)(3) Pub. L. 110–458, § 101(c)(2)(E)(ii), substituted “without regard to the reduction in the value of assets under section…
  • (k) (l) § 436 Pub. L. 110–458, § 101(c)(2)(F), added subsecs. (k) and (l) and redesignated former subsec. (k) as (m).

§ 3121 Definitions

  • (b)(5)(E) Pub. L. 110–458 struck out “or special trial judge” before “of the United States Tax Court”.

§ 3304 Approval of State laws

  • (a) Pub. L. 110–458, § 111(b)(2), struck out concluding provisions which read as follows: “Compensation shall not be…
  • (a)(15) Pub. L. 110–458, § 111(b)(1), inserted “(A) subject to subparagraph (B),” after par. designation, redesignated former…

§ 4971 Taxes on failure to meet minimum funding standards

  • (b)(1) Pub. L. 110–458, § 101(d)(2)(F)(i), substituted “minimum required” for “required minimum”.
  • (c)(3) Pub. L. 110–458, § 101(d)(2)(F)(ii), inserted “or unpaid minimum required contribution, whichever is applicable” after…
  • (d)(1) Pub. L. 110–458, § 101(d)(2)(F)(ii), inserted “or unpaid minimum required contribution, whichever is applicable” after…
  • (e)(1) Pub. L. 110–458, § 101(d)(2)(F)(iii), substituted “section 412(a)(2)” for “section 412(a)(1)(A)”.
  • (e)(2)(A) Pub. L. 110–458, § 102(b)(3)(A), amended directory language of Pub. L. 109–280, § 212(b)(2). See 2006 Amendment note…
  • (g)(4)(B)(ii) Pub. L. 110–458, § 102(b)(2)(I)(i), substituted “day following the close of” for “first day of”.
  • (g)(4)(C)(ii) Pub. L. 110–458, § 102(b)(2)(I)(ii), added cl. (ii) and struck out former cl. (ii). Prior to amendment, text read as…

§ 4975 Tax on prohibited transactions

  • (d)(17) Pub. L. 110–458, § 106(a)(2)(A), substituted “that permits” for “and that permits” in introductory provisions.
  • (d)(18) Pub. L. 110–458, § 106(b)(2)(A), in introductory provisions, substituted “disqualified person” for “party in interest”…
  • (d)(19) (d)(20) (d)(21) Pub. L. 110–458, § 106(b)(2)(B), substituted “disqualified person” for “party in interest” wherever appearing.
  • (d)(21)(C) Pub. L. 110–458, § 106(b)(2)(C), struck out “or less” before “than 3 percent”.
  • (f)(8)(A) Pub. L. 110–458, § 106(a)(2)(B)(i), substituted “subsection (d)(17)” for “subsection (b)(14)”.
  • (f)(8)(C)(iv)(II) Pub. L. 110–458, § 106(a)(2)(B)(ii), substituted “(d)(17)(A)(ii)” for “subsection (b)(14)(B)(ii)”.
  • (f)(8)(F)(i)(I) Pub. L. 110–458, § 106(a)(2)(B)(iii), substituted “fiduciary adviser,” for “financial adviser”.
  • (f)(8)(I) Pub. L. 110–458, § 106(a)(2)(B)(iv), substituted “subsection (c)” for “section 406”.
  • (f)(8)(J)(i) Pub. L. 110–458, § 106(a)(2)(B)(v), substituted “a participant” for “the participant” in introductory provisions and…
  • (f)(11)(B)(i) Pub. L. 110–458, § 106(c), inserted “of the Employee Retirement Income Security Act of 1974” after “section 407(d)(1)”…

§ 4980 Tax on reversion of qualified plan assets to employer

§ 6698 Failure to file partnership return

  • (b)(1) Pub. L. 110–458 substituted “$89” for “$85”.

§ 6699 Failure to file S corporation return

  • (b)(1) Pub. L. 110–458 substituted “$89” for “$85”.