Page:United States Statutes at Large Volume 98 Part 1.djvu/1006

 98 STAT. 958

26 USC 401.

PUBLIC LAW 98-369—JULY 18, 1984 $15,000" and inserting in lieu thereof "but not in excess of the limitation in effect under section 415(c)(1)(A)". (3) REPEAL OF SECTION 4 0 1 (e).—Subsection (e) of section 401 (relating to contributions for premiums on annuity, etc., contracts) is hereby repealed. (4) REPEAL OF SECTION 404 (a)(9).—

26 USC 404. 26 USC 415.

(A) Subsection (a) of section 404 is amended by striking out paragraph (9) and by redesignating paragraph (10) as paragraph (9). (B) Subparagraph (C) of section 415(c)(6) is amended— (i) by striking out "paragraph (10) of section 404(a)" and inserting in lieu thereof "paragraph (9) of section 404(a)", (ii) by striking out "section 404(a)(10)(A)" and inserting in lieu thereof "section 404(a)(9)(A)", and (iii) by striking out "section 404(a)(10)(B)" and inserting in lieu thereof "section 404(a)(9)(B)". (5) REPEAL OF SECTION 404 (h)(4).—Paragraph (4) of section

26 USC 404.

404(h) (relating to effect on self-employed individuals or shareholder employees) is hereby repealed. (6) DETERMINATION OF EARNED INCOME OF SELF-EMPLOYED FOR

Ante, p. 848.

PURPOSES OP SECTION 404(a)(8)(D).—Subparagraph (D) of section 404(a)(8) is amended by striking out "the earned income of such individual" and inserting in lieu thereof "the earned income of such individual (determined without regard to the deductions allowed by this section and section 405(c))". (7) REPEAL OF SECTION 4 1 5 (C)(7).—

26 USC 415.

26 USC 404 note.

26 USC 1 note.

26 USC 404.

26 USC 101.

(A) Subsection (c) of section 415 is amended by striking out paragraph (7) and by redesignating paragraph (8) as paragraph (7). (B) Subclause (II) of section 415(e)(3)(B)(ii) is amended by striking out "subsection (c)(7) or (8)" and inserting in lieu thereof "subsection (c)(7)". (8) COORDINATION OF REPEALS OF CERTAIN SECTIONS.—Sections

404(e) and 1379(b) of the Internal Revenue Code of 1954 (as in effect on the day before the date of the enactment of the Tax Equity and Fiscal Responsibility Act of 1982) shall not apply to any plan to which section 401(j) of such Code applies (or would apply but for its repeal). (9) AMENDMENT OF SECTION 404 (e).—Subsection (e) of section 404 is amended by striking out "under this section" and inserting in lieu thereof "under paragraph (1), (2), or (3) of subsection (a)". (e) AMENDMENT RELATED TO SECTION 239.—Subparagraph (B) of section 101(b)(3) (relating to treatment of self-employed individuals for exclusion of employees' death benefits) is amended to read as follows: "(B) SPECIAL RULE FOR CERTAIN DISTRIBUTIONS.—In the

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case of any amount paid or distributed— "(i) by a trust described in section 401(a) which is exempt from tax under section 501(a), or "(ii) under a plan described in section 403(a), the term 'employee' includes a self-employed individual described in section 401(c)(1)." (f) AMENDMENTS RELATED TO SECTION 240.— (1) DEFINITION OF KEY EMPLOYEE.—

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