# Pub. L. 96-364: changes to the Internal Revenue Code

1980-09-26, 94 Stat. 1290. Source: <https://www.govinfo.gov/link/plaw/96/public/364>.

## Legislative history

- Bill: [H.R. 3904](https://www.congress.gov/bill/96th-congress/house-bill/3904)

## § 194A: Contributions to employer liability trusts

- Enacted 26 U.S.C. § 194A.

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

- § 401(a)(2): Pub. L. 96–364, §§ 208(e), 410(b), inserted provisions relating to applicability to multiemployer plans and return of contributions made by a mistake of law or fact, or return of withdrawal liability payment.
- § 401(a)(12): Pub. L. 96–364, § 208(a), substituted provisions relating to applicability to multiemployer plans subject to title IV of the Employee Retirement Income Security Act of 1974 of provisions of preceding sentence, for provisions relating to applicability of paragraph to multiemployer plans to extent determined by Corporation.

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

- § 404(g): Pub. L. 96–364 redesignated existing provisions as par. (1), inserted applicability to part 1 of subtitle E of title IV of Employee Retirement Income Security Act of 1974, and added pars. (2) and (3).

## § 411: Minimum vesting standards

- § 411(a): Pub. L. 96–364, § 206(1)–(4), in par. (3) added subpars. (E) and (F), and in par. (4) added subpar. (G).
- § 411(d)(6): Pub. L. 96–364, § 206(5), inserted reference to section 4281 of the Employee Retirement Income Security Act of 1974.

## § 412: Minimum funding standards

- § 412(a): Pub. L. 96–364, § 208(c), inserted provisions relating to plan years where multiemployer plan is in reorganization.
- § 412(b): Pub. L. 96–364, § 203(1), (2), struck out in pars. (2)(B)(ii), (iii), and (3)(B)(i) provisions respecting applicability of multiemployer plans with 40 plan years and in pars. (2)(B)(iv) and (3)(B)(ii) provisions respecting applicability of multiemployer plans with 20 year plans and added pars. (6) and (7).
- § 412: Pub. L. 96–364, § 203(3), added subsecs. (j) and (k).

## § 413: Collectively bargained plans, etc.

- § 413(b)(6): Pub. L. 96–364 inserted provisions relating to withdrawal liability of employer.

## § 414: Definitions and special rules

- § 414(e): Pub. L. 96–364, § 407(b), substituted provisions defining “church plan” with respect to general requirements, exclusion of certain plans, definitions and other provisions, and correction of failures to meet church plan requirements, for provisions defining “church plan” with respect to general requirements, certain unrelated business or multiemployer plans, and special temporary rules for certain church agencies under church plan.
- § 414(f): Pub. L. 96–364, § 207, substituted provisions setting forth definition, cases of common control, continuation of status after termination, transitional rule, and special election with respect to a multiemployer plan, for provisions setting forth definition and special rules with respect to a multiemployer plan.
- § 414(l): Pub. L. 96–364, § 208(a), substituted provisions relating to applicability to multiemployer plans subject to title IV of the Employee Retirement Income Security Act of 1974 of provisions of preceding sentence, for provisions relating to applicability of paragraph to multiemployer plans to extent determined by Corporation.

## § 418E: Insolvent plans

- Enacted 26 U.S.C. § 418E.

## § 501: Exemption from tax on corporations, certain trusts, etc.

- § 501(c)(22): Pub. L. 96–364 added par. (22).

## § 3304: Approval of State laws

- § 3304(a)(15): Pub. L. 96–364 inserted provisions relating to applicability to any pension, retirement or retired pay, annuity, or other similar periodic payment.

## § 4971: Taxes on failure to meet minimum funding standards

- § 4971(c)(1): Pub. L. 96–364, § 204(1), substituted “last two sentences” for “last sentence”.
- § 4971(d): Pub. L. 96–364, § 204(2), inserted provisions relating to a multiemployer plan in reorganization.

## § 4975: Tax on prohibited transactions

- § 4975(d)(14), § 4975(d)(15): Pub. L. 96–364, § 208(b), added pars. (14) and (15).
- § 4975(e)(9): Pub. L. 96–364, § 209(b), added par. (9).

## § 6511: Limitations on credit or refund