# Pub. L. 87-792: changes to the Internal Revenue Code 1962-10-10, 76 Stat. 828. Source: . ## Legislative history - Bill: [H.R. 10](https://www.congress.gov/bill/87th-congress/house-bill/10) ## § 22: Credit for the elderly and the permanently and totally disabled - § 22(c)(1): Pub. L. 87–792 inserted provisions in subpar. (A) requiring inclusion, in the case of an individual who is, or has been, an employee within the meaning of section 401(c)(1), distributions by a trust described in section 401(a) which is exempt from tax under section 501(a), and added subpar. (E). ## § 62: Adjusted gross income defined - § 62: Pub. L. 87–792 added par. (7). ## § 72: Annuities; certain proceeds of endowment and life insurance contracts - § 72(d)(2): Pub. L. 87–792, § 4(a), designated existing provisions as cl. (A) and added cl. (B). - § 72(m), § 72(n), § 72(o): Pub. L. 87–792, § 4(b), added subsecs. (m) and (n) and redesignated former subsec. (m) as (o). ## § 101: Certain death benefits - § 101(b): Pub. L. 87–792, § 7(c)(1), substituted “described in section 403(a)” for “which meets the requirements of paragraphs (3), (4), (5), and (6) of section 401(a)”. - § 101(b): Pub. L. 87–792, § 7(c)(2), added par. (3). ## § 104: Compensation for injuries or sickness - § 104(a): Pub. L. 87–792 inserted sentence requiring contributions made on behalf of an individual who is, or has been, an employee within the meaning of section 401(c)(1), while he was such an employee to a trust which is exempt from tax, or under a plan described in section 403(a), to be treated as contributions by the employer which were not includible in the gross income of the employee. ## § 105: Amounts received under accident and health plans - § 105(g): Pub. L. 87–792 added subsec. (g). ## § 172: Net operating loss deduction - § 172(d)(4)(D): Pub. L. 87–792 added subpar. (D). ## § 401: Qualified pension, profit-sharing, and stock bonus plans - § 401(a)(5): Pub. L. 87–792, § 2(1), inserted provisions defining total compensation for purposes of par. (5) and par. (10) of this subsection. - § 401(a)(7), § 401(a)(8), § 401(a)(9), § 401(a)(10): Pub. L. 87–792, § 2(2), added pars. (7) to (10). - § 401(c), § 401(d), § 401(e), § 401(f), § 401(g): Pub. L. 87–792, § 2(3), added subsecs. (c) to (g). Former subsec. (c) redesignated (h). - § 401(h): Pub. L. 87–792, § 2(3), redesignated former subsec. (c) as (h). ## § 402: Taxability of beneficiary of employees’ trust - § 402(a): Pub. L. 87–792 inserted sentence providing that this paragraph shall not apply to distributions paid to any distributee to the extent such distributions are attributable to contributions made on behalf of the employee while he was an employee within the meaning of section 401(c)(1). ## § 403: Taxation of employee annuities - § 403(a)(2): Pub. L. 87–792, § 4(d)(1), (2), substituted “described in paragraph (1)” for “which meets the requirements of section 401(a)(3), (4), (5), and (6)” in cl. (i), and inserted sentence at end thereof providing that this subparagraph shall not apply to amounts paid to any payee to the extent such amounts are attributable to contributions made on behalf of the employee while he was an employee within the meaning of section 401(c)(1). - § 403(a)(3): Pub. L. 87–792, § 4(d)(3), added par. (3). ## § 404: Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan - § 404(a)(2): Pub. L. 87–792, § 3(a)(1), substituted “(5), (6), (7), and (8), and, if applicable, the requirements of section 401(a)(9) and (10) and of section 401(d) (other than paragraph (1)),” for “(5), and (6),”. - § 404(a)(8), § 404(a)(9), § 404(a)(10): Pub. L. 87–792, § 3(a)(2), added pars. (8) to (10). - § 404(e), § 404(f): Pub. L. 87–792, § 3(b), added subsecs. (e) and (f). ## § 503: Requirements for exemption - § 503: Pub. L. 87–792 added subsec. (j). ## § 2039: Annuities - § 2039: Pub. L. 87–792 substituted “was a plan described in section 403(a)” for “met the requirements of section 401(a)(3), (4), (5), and (6)” in par. (2), and inserted sentence providing, for purposes of this subsection, that contributions or payments on behalf of the decedent while he was an employee within the meaning of section 401(c)(1) made under a trust or plan described in paragraph (1) or (2) shall be considered to be contributions or payments made by the decedent. ## § 3306: Definitions - § 3306(b)(5): Pub. L. 87–792 substituted “is a plan described in section 403(a)” for “meets the requirements of section 401(a)(3), (4), (5), and (6)” in subpar. (B), and added subpar. (C). ## § 3401: Definitions - § 3401(a)(12)(B), § 3401(a)(12)(C): Pub. L. 87–792 substituted “is a plan described in section 403(a)” for “meets the requirements of section 401(a)(3), (4), (5), and (6)”, in subpar. (B), and added subpar. (C). ## § 6047: Information relating to certain trusts and annuity plans - Enacted 26 U.S.C. § 6047. ## § 7207: Fraudulent returns, statements, or other documents - § 7207: Pub. L. 87–792 inserted sentence providing that any person required pursuant to section 6047(b) or (c) to furnish any information to the Secretary or any other person who willfully furnishes to the Secretary or such other person any information known by him to be fraudulent or to be false as to any material matter shall be fined not more than $1,000, or imprisoned not more than 1 year, or both.