Page:United States Statutes at Large Volume 88 Part 1.djvu/973

 88 STAT. ]

PUBLIC LAW 93-406-SEPT. 2, 1974

929

shall apply in the case of a multiemployer plan only to the extent determined by the Pension Benefit Guaranty Corporation." SEC. 1016. CONFORMING AND CLERICAL AMENDMENTS. (a) CONFORMING AMENDMENTS.—

(1) Section 2Y5(a) (relating to denial of deduction for certain taxes) is amended by adding at the end thereof the following new paragraph: " (6) Taxes imposed by chapter 42 and chapter 43." ^ (2) Section 401(a) (relating to requirements for qualification) is amended— (A) by striking out paragraph (3) and inserting in lieu thereof: "(3) if the plan of which such trust is a part satisfies the requirements of section 410 (relating to minimum participation standards); and", (B) by striking out "paragraph (3)(B) or (4) " in paragraph (5) and inserting in lieu thereof "paragraph (4) or section 410(b) (without regard to paragraph (1)(A) thereof)", and (C) by striking out paragraph (7) and inserting in lieu thereof: "(7) A trust shall not constitute a qualified tnist under this section unless the plan of which such trust is a part satisfies the requirements of section 411 (relating to minimum vesting standards)." (3) Section 404(a)(2) (relating to deduction for contributions of an employer to an employee's annuity plan) is amended by striking out "and (8)," and inserting in lieu thereof " (8), (11), (12),(13),.(14).and(15)". _ _ (4) Section 406(b)(1) (relating to certain employees of foreign subsidiaries) is amended by striking out "paragraphs (3)(B) and (4) of section 401(a)" and inserting in lieu thereof "section 401(a)(4) and section 410(b) (without regard to paragraph (1)(A) thereof)". (5) Section 407(b)(1) (relating to certain employees of domestic subsidiaries engaged in business outside the United States) is amended by striking out "paragraph (3)(B) and (4) of section 401(a)" and inserting in lieu thereof "section 401(a)(4) and section 410(b) (without regard to paragraph (1)(A) thereof)". (6) Section 805(d)(1)(C) (relating to definition of pension plan reserves) is amended by striking out "and (8) " and inserting in lieu thereof " (8), (11), (12), (13), (14), and (15)". (7) Section 6161(b)(1) (relating to extensions of time for paying tax) is amended by striking out "or 42" and inserting in lieu thereof "42 or 43". The second sentence of section 6161(b) is amended by striking out "or 42" and inserting in lieu thereof ", 42, or chapter 43". (8) Section 6201(d) (relating to assessment authority) is amended by striking out "and chapter 42" and inserting in lieu thereof ", chapter 42, and chapter 43". (9) Section 6211 (defining deficiency) is amended— (A) by striking out so much of subsection (a) as precedes paragraph (1) thereof and inserting in lieu thereof the following: " (a) IN GENERAL.—For purposes of this title in the case of income, estate, and gift taxes imposed by subtitles A and B and excise taxes imposed by chapters 42 and 43, the term 'deficiency' means the amount

26 USC 275. ^^^ use 4940. 26 USC"401.*

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p. 898.

^" P- ^oi26 USC 404. ,,...,„. ^f'use 4U6. ^°«''?• ^ss. 26 USC 407.

^6 USC 805. ^e use eiei.

26 USC 6201, 26 USC 6211,

26 USC 1, 2001.

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