Page:United States Statutes at Large Volume 88 Part 1.djvu/985

 88 STAT. ]

PUBLIC LAW 93-406-SEPT. 2, 1974

941

under section 401(a), 403(a), or 405(a), an individual J^^ j s c 4oi, retirement account described in section 408(a), or an 26 USC 408, individual retirement annuity described in section 408 "(ii) any application filed with respect to the exemption from tax under section 501(a) of an organization forming part of a plan or account referred to in clause (i), "(iii) any papers submitted in support of an application referred to in clause (i) or (ii), and "(iv) any letter or other document issued by the Internal Revenue Service and dealing with the qualification referred to in clause (i) or the exemption from tax referred to in clause (ii). Except in the case of a plan participant, this subparagraph shall not apply to any plan referred to in clause (i) having not more than 25 participants. "(C)

CERTAIN NAMES AND COMPENSATION NOT TO BE OPENED

TO PUBLIC INSPECTION.—In the case of any application, document, or other papers, referred to in subparagraph (B), information from which the compensation (including deferred compensation) of any individual may be ascertained shall not be open to public inspection under subparagraph (B). " (B) The heading of subparagraph (A) of section 6104(a) (1) is amended to read as follows: "(A)

26 USC soi.

26 USC 6i04.

ORGANIZATIONS DESCRIBED IN SECTION 5 0 I. — ".

(C) The heading of subparagraph (D) of section 6104(a) (1) as redesignated by subparagraph (A) of this paragraph is amended to read as follows: "(D)

WITHHOLDING or CERTAIN OTHER INFORMATION.—".

(D) Subparagraph (D) of section 6104(a)(1) (as so redesignated) is amended by striking out "subparagraph (A) " each place it appears and inserting in lieu thereof "subparagraph (A) or (B) ". (2) AMENDMENT OF SECTION 6104(a)(2).—Subparagraph (A) of section 6104(a)(2) is amended by adding at the end thereof "any application referred to in subparagraph (B) of subsection (a)(1) of this section, and". (3) AMENDMENT OF SECTION 6104(b).—Section 6104(b) (relating to inspection of annual information returns) is amended by striking out "and 6056" and inserting in lieu thereof "6956, and 6058". (4) EFFECTIVE DATE.—The amendments made by this subsection 26 USC 6104 shall apph to applications filed (or documents issued) after the "°*^' date of er c^ctment of this Act. (h) PUBLICITY OF RETURNS.—Effective on the date of the enactment ^^^^^^^ ^^°^ of this Act, section 6103 (relating to publicity of returns and disclosure of information as to persons filing income tax returns) is amended by adding at the end thereof a new subsection (g) to read as follows: "(g) DISCLOSURE OF INFORMATION W I T H RESPECT TO DEFERRED COMPENSATION PLANS.—The Secretary or his delegate is authorized

to furnish— "(1) returns with respect to any tax imposed by this title or information with respect to such returns to the proper officers and employees of the Department of Labor and the Pension Benefit

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