Page:United States Statutes at Large Volume 100 Part 3.djvu/605

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2413

such individual has served in excess of 90 days on active duty (other than active duty for training) during the year. "(B) VOLUNTEER FIREFIGHTERS.—A volunteer firefighter— "(i) who is a participant in a plan described in subparagraph (A)(iii) of paragraph (5) based on his activity as a volunteer firefighter, and "(ii) whose accrued benefit as of the beginning of the taxable year is not more than an annual benefit of $1,800 (when expressed as a single life annuity commencing at age 65)." (2) CONFORMING AMENDMENT.—Section 219(0(3) is amended to

read as follows: "(3) TIME WHEN CONTRIBUTIONS DEEMED MADE.—For purposes

of this section, a taxpayer shall be deemed to have made a contribution to an individual retirement plan on the last day of the preceding taxable year if the contribution is made on account of such taxable year and is made not later than the time prescribed by law for filing the return for such taxable year (not including extensions thereof)." (b) REPEAL OF DEDUCTION FOR QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS.—

(1) IN GENERAL.—Subsection (e) of section 219 (relating to defining retirement savings contributions) is amended to read as follows: "(e) QUALIFIED RETIREMENT CONTRIBUTION.—For purposes of this section, the term 'qualified retirement contribution' means— "(1) any amount paid in cash for the taxable year by or on behalf of an individual to an individual retirement plan for such , individual's benefit, and "(2) any amount contributed on behalf of any individual to a plan described in section 501(c)(18)." (2) CONFORMING AMENDMENTS.—

(A) Section 219(b) is amended by striking out paragraph (3). (B) Paragraph (3) of section 72(p) is amended to read as follows: "(3) QUALIFIED EMPLOYER PLAN, ETC.—For purposes of this subsection— "(A) QUALIFIED EMPLOYER PLAN.—

"(i) IN GENERAL.—The term 'qualified employer plan' means— "(I) a plan described in section 401(a) which includes a trust exempt from tax under section 501(a), "(II) an annuity plan described in section 403(a), and "(III) a plan under which amounts are contributed by an individual's employer for an annuity contract described in section 403(b). "(ii) SPECIAL RULES.—The term 'qualified employer plan'— "(I) shall include any plan which was (or was determined to be) a qualified employer plan or a government plan, but "(II) shall not include a plan described in subsection (e)(7).

�