Page:United States Statutes at Large Volume 120.djvu/417

 120 STAT. 386

PUBLIC LAW 109–227—MAY 29, 2006 or made if the claim therefor is filed before the close of the 1-year period beginning on the date that such contribution is made (determined without regard to paragraph (1)). (B) ASSESSMENT OF DEFICIENCY.—The period for assessing a deficiency attributable to a contribution to which paragraph (1) applies shall not expire before the close of the 3-year period beginning on the date that such contribution is made. Such deficiency may be assessed before the expiration of such 3-year period notwithstanding the provisions of any other law or rule of law which would otherwise prevent such assessment. (3) INDIVIDUAL RETIREMENT PLAN DEFINED.—For purposes of this subsection, the term ‘‘individual retirement plan’’ has the meaning given such term by section 7701(a)(37) of such Code. Approved May 29, 2006.

LEGISLATIVE HISTORY—H.R. 1499: CONGRESSIONAL RECORD: Vol. 151 (2005): May 23, considered and passed House. Nov. 15, considered and passed Senate, amended. Vol. 152 (2006): May 9, House concurred in Senate amendement with an amendment pursuant to H. Res. 803. May 18, Senate concurred in House amendment.

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