Page:United States Statutes at Large Volume 100 Part 3.djvu/1055

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2863

section 463 of such Code for such taxpayer's 1st taxable year ending after the date of the enactment of the Tax Reform Act of 1984 shall not expire before the date 6 months after the date of the enactment of this Act. (2) CLERICAL AMENDMENTS.—

(A) Clause (ii) of section 40403)(2)(B) (relating to exceptions for certain benefits) is amended by striking out "to any benefit" and inserting in lieu thereof "any benefit". (B) Subsection (b) of section 404 is amended— (i) by striking out "UNFUNDED" in the subsection heading and inserting in lieu thereof "CERTAIN", and (ii) by striking out "UNFUNDED" in the heading of paragraph (2) and inserting in lieu thereof "CERTAIN". (C)(i) Section 404(a) is amended by striking out "section 162 (relating to trade or business expenses) or section 212 (relating to expenses for the production of income); but, if they satisfy the conditions of either of such sections," and inserting in lieu thereof "this chapter; but, if they would otherwise be deductible,". (ii) Subsection (d) of section 404 is amended by striking out "under section 162 or 212" each place it appears and inserting in lieu thereof "under this chapter", (iii) Subsection (a) of section 404A is amended— (I) by striking out "under section 162, 212, or 404" and inserting in lieu thereof "under this chapter", and (II) by striking out "they satisfy the conditions of section 162" and inserting in lieu thereof "they would otherwise be deductible". (iv) Subsection (a) of section 419 is amended— (I) by striking out "under section 162 or 212" and inserting in lieu thereof "under this subchapter", and (II) by striking out "they satisfy the requirements of either of such sections" and inserting in lieu thereof "they would otherwise be deductible". (c) AMENDMENTS RELATED TO SECTION 513 OF THE ACT.—

(1) Paragraph (1) of section 505(a) (relating to certain requirements must be met in case of organizations described in paragraph (9) or (20) of section 501(c)) is amended by striking out "of an employer". (2) Paragraph (1) of section 505(b) (relating to nondiscrimination requirements) is amended by striking out "as provided in paragraph (2)" and inserting in lieu thereof "as otherwise provided in this subsection". (3) Subparagraph (B) of section 5050t))(l) is amended by striking out "highly compensated employees" and inserting in lieu thereof "highly compensated individuals". (4) Paragraph (2) of section 505(a) (relating to exception for collective bargaining agreements) is amended to read as follows* "(2) EXCEPTION FOR COLLECTIVE BARGAINING AGREEMENTS.—

Paragraph (1) shall not apply to any organization which is part of a plan maintained pursuant to an agreement between employee representatives and 1 or more employers if the Secretary finds that such agreement is a collective bargaining agreement and that such plan was the subject of good faith bargaining between such employee representatives and such employer or employers."

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