Page:United States Statutes at Large Volume 124.djvu/2591

 124 STAT. 2565 PUBLIC LAW 111–240—SEPT. 27, 2010 (b) ADDITIONAL INFORMATION.—The report required under sub- section (a) shall also include information on the following with respect to each year: (1) Any action taken under section 330(b) of title 31, United States Code, with respect to any reportable transaction (as defined in section 6707A(c) of the Internal Revenue Code of 1986). (2) Any extension of the time for assessment of tax enforced, or assessment of any amount under such an extension, under paragraph (10) of section 6501(c) of the Internal Revenue Code of 1986. (c) DATE OF REPORT.—The first report required under sub- section (a) shall be submitted not later than December 31, 2010. SEC. 2104. APPLICATION OF CONTINUOUS LEVY TO TAX LIABILITIES OF CERTAIN FEDERAL CONTRACTORS. (a) IN GENERAL.—Subsection (f) of section 6330 of the Internal Revenue Code of 1986 is amended by striking ‘‘or’’ at the end of paragraph (2), by inserting ‘‘or’’ at the end of paragraph (3), and by inserting after paragraph (3) the following new paragraph: ‘‘(4) the Secretary has served a Federal contractor levy,’’. (b) FEDERAL CONTRACTOR LEVY.—Subsection (h) of section 6330 of the Internal Revenue Code of 1986 is amended— (1) by striking all that precedes ‘‘any levy in connection with the collection’’ and inserting the following: ‘‘(h) DEFINITIONS RELATED TO EXCEPTIONS.—For purposes of subsection (f)— ‘‘(1) DISQUALIFIED EMPLOYMENT TAX LEVY.—A disqualified employment tax levy is’’; and (2) by adding at the end the following new paragraph: ‘‘(2) FEDERAL CONTRACTOR LEVY.—A Federal contractor levy is any levy if the person whose property is subject to the levy (or any predecessor thereof) is a Federal contractor.’’. (c) CONFORMING AMENDMENT.—The heading of subsection (f) of section 6330 of the Internal Revenue Code of 1986 is amended by striking ‘‘JEOPARDY AND STATE REFUND COLLECTION’’ and inserting ‘‘EXCEPTIONS’’. (d) EFFECTIVE DATE.—The amendments made by this section shall apply to levies issued after the date of the enactment of this Act. PART II—PROMOTING RETIREMENT PREPARATION SEC. 2111. PARTICIPANTS IN GOVERNMENT SECTION 457 PLANS ALLOWED TO TREAT ELECTIVE DEFERRALS AS ROTH CONTRIBUTIONS. (a) IN GENERAL.—Section 402A(e)(1) of the Internal Revenue Code of 1986 is amended by striking ‘‘and’’ at the end of subpara- graph (A), by striking the period at the end of subparagraph (B) and inserting ‘‘, and’’, and by adding at the end the following: ‘‘(C) an eligible deferred compensation plan (as defined in section 457(b)) of an eligible employer described in sec- tion 457(e)(1)(A).’’. (b) ELECTIVE DEFERRALS.—Section 402A(e)(2) of the Internal Revenue Code of 1986 is amended to read as follows: 26 USC 402A. 26 USC 6330 note. 26 USC 6330.