Page:United States Statutes at Large Volume 100 Part 3.djvu/1087

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2895

(5) Section 713(d)(l) of the Tax Reform Act of 1984 is amended by striking out "Paragraph" and inserting in lieu thereof "Effective with respect to contributions made in taxable years beginning after December 31, 1983, paragraph". (6)(A) Section 408(d)(5) (relating to certain distributions of excess contributions after due date) is amended by striking out "$15,000" and inserting in lieu thereof "the dollar limitation in • effect under section 415(c)(l)(A) for such taxable year". (B) Subparagraph (C) of section 2190t)X2) is amended by striking out "the $15,000 amount specified in subparagraph (A)(ii)" V and inserting in lieu thereof "the dollar limitation in effect under section 415(c)(l)(A)". (7)(A) Subparagraph (C) of section 404(a)(8) is amended by striking out "the earned income of such individual" and insert"'^ ing in lieu thereof "the earned income of such individual (determined without regard to the deductions allowed by this section)". (B) Effective with respect to taxable years beginning after December 31, 1984, subparagraph (D) of section 404(a)(8) is amended by striking out "(determined without regard to the deductions allowed by this section and section 405(c))'. «i (8) Subparagraph (A) of section 408(d)(3) is amended— (A) by striking out "(other than a trust forming part of a ^i,*"'.' plan under which the individual was an employee within ^ /•' the meaning of section 401(c)(l) at the time contributions were made on his behalf under the plan)" in clause (ii), (B) by striking out "(other than a plan under which the 5 individual was an employee within the meaning of section 401(c)(l) at the time contributions were made on his behalf ••': under the plan)" in clause (ii), and £5 (C) by adding at the end thereof the following new sentence: "Clause (ii) shall not apply during the 5-year period begin.;C2i V ning on the date of the qualified total distribution referred to in such clause if the individual was treated as a 5-percent owner with respect to such distribution under section 402(a)(5)(F)(ii)." (9) Clause (iii) of section 4150t)X2XE) is amended by striking s out "adjusting any benefit or limitation under subparagraph •I (B), (C), or (D)" and inserting in lieu thereof "this subsection". (10) Subparagraph (B) of section 3405(d)(l) is amended by striking out "or ' at the end of clause (ii), and by striking out the s material following clause (ii) and inserting in lieu thereof the following: "(iii) any amount which is subject to withholding under subchapter A of chapter 3 (relating to withholding of tax on nonresident aliens and foreign corporations) by the person pa3ring such amount or which would be so subject but for a tax treaty, or "(iv) any distribution described in section 404(k)(2)." (11) Subparagraph (C) of section 415(c)(3) is amended by strikn ing out "a profit-sharing or stock bonus plan" and inserting in lieu thereof "any defined contribution plan". (12) The amendments made by paragraphs (3), (4), and (6) shall take effect as if included in the amendments made by section 238 of the Tax Equity and Fiscal Responsibility Act of 1982.
 * > 'f

�