Page:United States Statutes at Large Volume 94 Part 3.djvu/889

 PUBLIC LAW 96-605—DEC. 28, 1980

94 STAT. 3533

(B) requires such author or artist to use his best efforts to produce work of specified types for the corporation. (2) CORPORATION.—The term "corporation" means a corporation which for at least 15 years prior to January 1, 1978, had in effect one or more pension, profit-sharing and annuity plans, each of which— (A) had contained from its inception a definition of the term "employee" that included the category of "authors and artists under contract", and (B) had been determined by the Secretary of the Treasury (taking into account the definition described in subparagraph (A)) to be a qualified plan within part I of subchapter D of chapter 1 of subtitle A of the Internal Revenue Code of 1954 for all of such years. 26 USC 401. (c) EFFECTIVE DATE.—The provisions of this section shall apply to taxable years ending after December 31, 1980. Approved December 28, 1980.

LEGISLATIVE HISTORY: HOUSE REPORT No. 96-1278 (Comm. on Ways and Means). SENATE REPORT No. 96-1036 (Comm. on Finance). CONGRESSIONAL RECORD, Vol. 126 (1980): Sept. 9, considered and passed House. Dec. 13, considered and passed Senate, amended; House agreed to certain Senate amendments, to others with amendments, and disagreed to those remaining; Senate agreed to certain House amendments and receded from its remaining amendments.

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