# Pub. L. 112-141: changes to the Internal Revenue Code 2012-07-06, 126 Stat. 914. Source: . ## Legislative history - Bill: [H.R. 4348](https://www.congress.gov/bill/112th-congress/house-bill/4348) - Conference report: [H. Rept. 112-557](https://www.govinfo.gov/content/pkg/CRPT-112hrpt557/html/CRPT-112hrpt557.htm) - Bluebook: [JCT general explanation (2013)](https://www.govinfo.gov/app/details/CPRT-113JPRT78693) ## § 72: Annuities; certain proceeds of endowment and life insurance contracts - § 72(t)(2)(A)(viii): Pub. L. 112–141 added cl. (viii). ## § 79: Group-term life insurance purchased for employees - § 79(f): Pub. L. 112–141 added subsec. (f). ## § 404: Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan - § 404(o)(6): Pub. L. 112–141 inserted “(determined by not taking into account any adjustment under clause (iv) of subsection (h)(2)(C) thereof)” before period at end. ## § 417: Definitions and special rules for purposes of minimum survivor annuity requirements - § 417(e)(3)(C), § 417(e)(3)(D): Pub. L. 112–141 substituted “section 430(h)(2)(C) (determined by not taking into account any adjustment under clause (iv) thereof)” for “section 430(h)(2)(C)”. ## § 420: Transfers of excess pension assets to retiree health accounts - § 420: Pub. L. 112–141, § 40242(e)(1), substituted “qualified current retiree liabilities” for “qualified current retiree health liabilities” wherever appearing in subsecs. (b) to (d), (e)(1), and (f). - § 420(a): Pub. L. 112–141, § 40242(a), inserted “, or an applicable life insurance account,” after “health benefits account”. - § 420(b)(1)(A): Pub. L. 112–141, § 40242(g)(1), struck out “in a taxable year beginning after December 31, 1990” after “such plan”. - § 420(b)(1)(A): Pub. L. 112–141, § 40242(e)(2), inserted “, or an applicable life insurance account,” after “a health benefits account”. - § 420(b)(2): Pub. L. 112–141, § 40242(g)(3), struck out “(A) In general” before “No more than” and struck out heading and text of subpar. (B). Prior to amendment, text read as follows: “A transfer described in paragraph (4) shall not be taken into account for purposes of subparagraph (A).” - § 420(b)(2): Pub. L. 112–141, § 40242(e)(3)(A), inserted at end “If there is a transfer from a defined benefit plan to both a health benefits account and an applicable life insurance account during any taxable year, such transfers shall be treated as 1 transfer for purposes of this paragraph.” - § 420(b)(3): Pub. L. 112–141, § 40242(e)(3)(B), inserted “to an account” after “may be transferred”. - § 420(b)(4): Pub. L. 112–141, § 40242(g)(2), redesignated par. (5) as (4) and struck out former par. (4) which related to a special rule for 1990. - § 420(b): Pub. L. 112–141, § 40242(g)(2), redesignated par. (5) as (4). - § 420(b): Pub. L. 112–141, § 40241(a), substituted “December 31, 2021” for “December 31, 2013”. - § 420(c)(1)(A): Pub. L. 112–141, § 40242(e)(2), inserted “, or an applicable life insurance account,” after “a health benefits account”. - § 420(c)(1)(B): Pub. L. 112–141, § 40242(e)(4), inserted “or life insurance” after “health benefits” in heading. - § 420(c)(1)(B)(i): Pub. L. 112–141, § 40242(e)(2), inserted “, or an applicable life insurance account,” after “a health benefits account”. - § 420(c)(1)(C): Pub. L. 112–141, § 40242(e)(2), inserted “, or an applicable life insurance account,” after “a health benefits account”. - § 420(c)(2): Pub. L. 112–141, § 40242(g)(4), struck out “(A) In general” before “The requirements of”, realigned margins, and struck out heading and text of subpar. (B). Prior to amendment, text read as follows: “In the case of a qualified transfer described in subsection (b)(4), the requirements of this paragraph are met with respect to any participant who separated from service during the taxable year to which such transfer relates by recomputing such participant’s benefits as if subparagraph (A) had applied immediately before such separation.” - § 420(c)(3)(A): Pub. L. 112–141, § 40242(c)(1), inserted “, and each group-term life insurance plan under which applicable life insurance benefits are provided,” after “health benefits are provided”. - § 420(c)(3)(B)(i): Pub. L. 112–141, § 40242(c)(2)(A)(i), redesignated subcls. (I) and (II) as (II) and (III), respectively, and added subcl. (I). - § 420(c)(3)(B)(ii): Pub. L. 112–141, § 40242(c)(2)(A)(ii), substituted “was provided during such taxable year for the benefits with respect to which the determination under clause (i) is made.” for “for applicable health benefits was provided during such taxable year.” - § 420(c)(3)(C): Pub. L. 112–141, § 40242(c)(2)(B), inserted “for applicable health benefits” after “applied separately” and “, and separately for applicable life insurance benefits with respect to individuals age 65 or older at any time during the taxable year and with respect to individuals under age 65 during the taxable year” before the period at end. - § 420(c)(3)(E)(i): Pub. L. 112–141, § 40242(c)(2)(C)(i), inserted “or retiree life insurance coverage, as the case may be,” after “retiree health coverage”. - § 420(c)(3)(E)(ii): Pub. L. 112–141, § 40242(c)(2)(C)(ii), inserted “for retiree health coverage” after “cost reductions” in heading. - § 420(c)(3)(E)(ii)(II): Pub. L. 112–141, § 40242(c)(2)(C)(iii), inserted “with respect to applicable health benefits” after “liabilities of the employer”. - § 420(d)(1)(A): Pub. L. 112–141, § 40242(e)(2), inserted “, or an applicable life insurance account,” after “a health benefits account”. - § 420(d)(2): Pub. L. 112–141, § 40242(g)(5), struck out “after December 31, 1990” after “may not contribute”. - § 420(e)(1): Pub. L. 112–141, § 40242(e)(5)(B), struck out “health” after “Qualified current retiree” in the heading. - § 420(e)(1)(A): Pub. L. 112–141, § 40242(e)(5)(A), inserted “and applicable life insurance benefits” after “applicable health benefits”. - § 420(e)(1)(B): Pub. L. 112–141, § 40242(e)(6)(A), inserted “(determined separately for applicable health benefits and applicable life insurance benefits)” after “shall be reduced by the amount” in introductory provisions. - § 420(e)(1)(B)(i): Pub. L. 112–141, § 40242(e)(6)(C), substituted “qualified current retiree liability” for “qualified current retiree health liability”. - § 420(e)(1)(B)(i): Pub. L. 112–141, § 40242(e)(6)(B), which directed the insertion of “or applicable life insurance accounts” after “health benefit accounts”, was executed by making the insertion after “health benefits accounts” to reflect the probable intent of Congress. - § 420(e)(1)(C)(i): Pub. L. 112–141, § 40242(b)(3)(B)(i), substituted “by reason of retirement” for “upon retirement”. - § 420(e)(1)(D), § 420(e)(1)(E): Pub. L. 112–141, § 40242(b)(2), added subpar. (D) and redesignated former subpar. (D) as (E). - § 420(e)(4), § 420(e)(5), § 420(e)(6): Pub. L. 112–141, § 40242(b)(1), added par. (4) and redesignated former pars. (4) and (5) as (5) and (6), respectively. - § 420(f): Pub. L. 112–141, § 40242(e)(7), struck out “health” after “retiree” in two places in the heading. - § 420(f)(2)(B)(ii)(II): Pub. L. 112–141, § 40242(e)(8), inserted “or applicable life insurance account, as the case may be,” after “health benefits account”. - § 420(f)(2)(C)(ii): Pub. L. 112–141, § 40242(c)(2)(D), substituted “collectively bargained retiree liabilities” for “collectively bargained retiree health liabilities”. - § 420(f)(2)(D)(i)(I): Pub. L. 112–141, § 40242(c)(2)(E)(i), (ii), inserted “, and each group-term life insurance plan or arrangement under which applicable life insurance benefits are provided,” after “applicable health benefits are provided” and “or applicable life insurance benefits, as the case may be,” after “provides applicable health benefits”. - § 420(f)(2)(D)(i)(II): Pub. L. 112–141, § 40242(c)(2)(E)(iii), (iv), struck out “group health” after “each collectively bargained” and inserted “or collectively bargained life insurance benefits” after “collectively bargained health benefits”. - § 420(f)(2)(D)(ii): Pub. L. 112–141, § 40242(c)(2)(F), inserted “with respect to applicable health benefits or applicable life insurance benefits” after “requirements of subsection (c)(3)” and inserted at end “Such election may be made separately with respect to applicable health benefits and applicable life insurance benefits. In the case of an election with respect to applicable life insurance benefits, the first sentence of this clause shall be applied as if subsection (c)(3) as in effect before the amendments made by such Act applied to such benefits.” - § 420(f)(2)(D)(iii): Pub. L. 112–141, § 40242(c)(2)(G), struck out “retiree” before “health benefits” in two places and inserted “, collectively bargained life insurance benefits, or both, as the case may be,” after “health benefits” in two places. - § 420(f)(2)(E)(i)(III): Pub. L. 112–141, § 40242(e)(9), inserted “defined benefit” before “plan maintained by an employer” and “health” before “benefit plans maintained by the employer”. - § 420(f)(2)(E)(ii): Pub. L. 112–141, § 40242(e)(2), inserted “, or an applicable life insurance account,” after “a health benefits account”. - § 420(f)(2)(E)(ii): Pub. L. 112–141, § 40242(c)(2)(D), substituted “collectively bargained retiree liabilities” for “collectively bargained retiree health liabilities”. - § 420(f)(4): Pub. L. 112–141, § 40242(e)(10), substituted “collectively bargained retiree liabilities” for “collectively bargained retiree health liabilities” in two places. - § 420(f)(6)(A)(i): Pub. L. 112–141, § 40242(e)(11)(A), inserted “, in the case of a transfer to a health benefits account,” before “his covered spouse and dependents”. - § 420(f)(6)(A)(ii): Pub. L. 112–141, § 40242(e)(11), inserted “, in the case of a transfer to a health benefits account,” before “his covered spouse and dependents” and substituted “plan” for “health plan”. - § 420(f)(6)(B): Pub. L. 112–141, § 40242(e)(12)(C), struck out “health” after “retiree” in the heading. - § 420(f)(6)(B): Pub. L. 112–141, § 40242(e)(10), substituted “collectively bargained retiree liabilities” for “collectively bargained retiree health liabilities” wherever appearing. - § 420(f)(6)(B)(i): Pub. L. 112–141, § 40242(e)(12)(A), inserted “, and collectively bargained life insurance benefits,” after “collectively bargained health benefits”. - § 420(f)(6)(B)(ii): Pub. L. 112–141, § 40242(e)(12)(B)(ii), which directed the insertion of “, applicable life insurance accounts,” after “health benefit accounts”, was executed by making the insertion after “health benefits accounts” to reflect the probable intent of Congress. - § 420(f)(6)(B)(ii): Pub. L. 112–141, § 40242(e)(12)(B)(i), inserted at end “The preceding sentence shall be applied separately for collectively bargained health benefits and collectively bargained life insurance benefits.” - § 420(f)(6)(B)(iii): Pub. L. 112–141, § 40242(f), substituted “416(i)(1)” for “416(I)(1)”. - § 420(f)(6)(C): Pub. L. 112–141, § 40242(b)(3)(B)(ii)(I), struck out “which are provided to” after “coverage” in introductory provisions. - § 420(f)(6)(C)(i): Pub. L. 112–141, § 40242(b)(3)(B)(ii)(II), (III), inserted “which are provided to” before “retired employees” and substituted “by reason of retirement” for “upon retirement”. - § 420(f)(6)(C)(ii): Pub. L. 112–141, § 40242(b)(3)(B)(ii)(IV), substituted “which will be provided at retirement to employees who are not retired employees at the time of the transfer and who” for “active employees who, following their retirement,”. - § 420(f)(6)(D): Pub. L. 112–141, § 40242(b)(3)(A), added subpar. (D). Former subpar. (D) redesignated (E). - § 420(f)(6)(E): Pub. L. 112–141, § 40242(e)(13), struck out “health” after “bargained” in heading, substituted “bargained” for “bargained health”, and inserted “, or a group-term life insurance plan or arrangement for retired employees,” after “dependents”. - § 420(f)(6)(E): Pub. L. 112–141, § 40242(b)(3)(A), redesignated subpar. (D) as (E). - § 420(g): Pub. L. 112–141, § 40211(a)(2)(D), added subsec. (g). ## § 430: Minimum funding standards for single-employer defined benefit pension plans - § 430(h)(2)(C)(iv): Pub. L. 112–141, § 40211(a)(1), added cl. (iv). - § 430(h)(2)(F): Pub. L. 112–141, § 40211(a)(2)(B), inserted “and the averages determined under subparagraph (C)(iv)” after “subparagraph (C)”. ## § 4041: Imposition of tax - § 4041(a)(1)(C)(iii)(I): Pub. L. 112–141, § 40102(a)(1)(A), substituted “September 30, 2016” for “June 30, 2012”. - § 4041(m)(1)(A): Pub. L. 112–141, § 40102(a)(2)(A), substituted “October 1, 2016” for “July 1, 2012” in introductory provisions. - § 4041(m)(1)(B): Pub. L. 112–141, § 40102(a)(1)(B), substituted “September 30, 2016” for “June 30, 2012” in introductory provisions. ## § 4051: Imposition of tax on heavy trucks and trailers sold at retail - § 4051(c): Pub. L. 112–141 substituted “October 1, 2016” for “July 1, 2012”. ## § 4071: Imposition of tax - § 4071(d): Pub. L. 112–141 substituted “October 1, 2016” for “July 1, 2012”. ## § 4081: Imposition of tax - § 4081(d)(1): Pub. L. 112–141, § 40102(a)(1)(C), substituted “September 30, 2016” for “June 30, 2012”. - § 4081(d)(3): Pub. L. 112–141, § 40102(a)(2)(D), substituted “October 1, 2016” for “July 1, 2012”. ## § 4221: Certain tax-free sales - § 4221(a): Pub. L. 112–141 substituted “October 1, 2016” for “July 1, 2012” in concluding provisions. ## § 4481: Imposition of tax - § 4481(f): Pub. L. 112–141 substituted “2017” for “2013”. ## § 4482: Definitions - § 4482(c)(4): Pub. L. 112–141, § 40102(b)(2)(A), amended par. (4) generally. Prior to amendment, text read as follows: “The term ‘taxable period’ means any year beginning before July 1, 2013, and the period which begins on July 1, 2013, and ends at the close of September 30, 2013.” - § 4482(d): Pub. L. 112–141, § 40102(b)(1)(B), substituted “2017” for “2013”. ## § 4483: Exemptions - § 4483(i): Pub. L. 112–141 substituted “October 1, 2017” for “July 1, 2012”. ## § 5702: Definitions - § 5702(d): Pub. L. 112–141 inserted concluding provisions. ## § 6412: Floor stocks refunds - § 6412(a)(1): Pub. L. 112–141 substituted in two places “October 1, 2016” for “July 1, 2012” and “March 31, 2017” for “December 31, 2012” and substituted “January 1, 2017” for “October 1, 2012”. ## § 9503: Highway Trust Fund - § 9503(b)(1): Pub. L. 112–141, § 40102(e)(1)(A)(i), substituted “October 1, 2016” for “July 1, 2012” in introductory provisions. - § 9503(b)(2): Pub. L. 112–141, § 40102(e)(1)(A), in heading, substituted “October 1, 2016” for “July 1, 2012” and, in text, substituted “September 30, 2016” for “June 30, 2012”, “July 1, 2017” for “April 1, 2013”, and “October 1, 2016” for “July 1, 2012”. - § 9503(b)(6)(B): Pub. L. 112–141, § 40101(a)(1), substituted “October 1, 2014” for “July 1, 2012”. - § 9503(c)(1): Pub. L. 112–141, § 40101(a), substituted “October 1, 2014” for “July 1, 2012” and “MAP-21” for “Surface Transportation Extension Act of 2012”. - § 9503(c)(2): Pub. L. 112–141, § 40102(e)(1)(B), substituted “July 1, 2017” for “April 1, 2013”. - § 9503(c)(3)(A)(i), § 9503(c)(4)(A): Pub. L. 112–141, § 40102(e)(2)(A), substituted “October 1, 2016” for “July 1, 2012”. - § 9503(e)(3): Pub. L. 112–141, § 40101(a), substituted “October 1, 2014” for “July 1, 2012” and “MAP-21” for “Surface Transportation Extension Act of 2012”. - § 9503(f)(3): Pub. L. 112–141, § 40201(b)(1), added par. (3). - § 9503(f)(4): Pub. L. 112–141, § 40251, added par. (4). Former par. (4) redesignated (5). - § 9503(f)(4): Pub. L. 112–141, § 40201(b)(2), struck out “appropriated” before “amounts” in heading and inserted “or transferred” after “appropriated” in text. - § 9503(f)(5): Pub. L. 112–141, § 40251, redesignated par. (4) as (5). ## § 9504: Sport Fish Restoration and Boating Trust Fund - § 9504(b)(2)(A), § 9504(b)(2)(B), § 9504(b)(2)(C): Pub. L. 112–141, § 40101(b)(1), substituted “MAP–21” for “Surface Transportation Extension Act of 2012”. - § 9504(d)(2): Pub. L. 112–141, § 40101(b)(2), substituted “October 1, 2014” for “July 1, 2012”. ## § 9508: Leaking Underground Storage Tank Trust Fund - § 9508(c): Pub. L. 112–141, § 40201(a), inserted par. (1) designation and heading, substituted “Except as provided in paragraph (2), amounts” for “Amounts”, and added par. (2). - § 9508(e)(2): Pub. L. 112–141, § 40101(c), substituted “October 1, 2014” for “July 1, 2012”.