Page:United States Statutes at Large Volume 98 Part 3.djvu/808

 98 STAT. 3180

PUBLIC LAW 98-612—OCT. 31, 1984

Public Law 98-612 98th Congress An Act Oct. 31, 1984 [H.R. 5361]

To amend the Internal Revenue Code of 1954 to extend for one year the exclusion from gross income with respect to group legal services plans, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. AMENDMENTS RELATING TO QUALIFIED GROUP LEGAL SERVICES PLANS. (a) 1-YEAR EXTENSION OF EXCLUSION FROM GROSS INCOME.—Sub-

section (e) of section 120 of the Internal Revenue Code of 1954 (relating to amounts received under qualified group legal services plans) is amended by striking out "December 31, 1984" and inserting in lieu thereof "December 31, 1985". (b) REPORTING AND RECORDKEEPING REQUIREMENTS.—

(1) IN GENERAL.—Subpart A of part III of subchapter A of chapter 61 of such Code is amended by inserting after section 6039C the following new section: 26 USC 6039D.

"SEC. 6039D. RETURNS AND RECORDS WITH RESPECT TO CERTAIN FRINGE BENEFIT PLANS.

"(a) IN GENERAL.—Every employer maintaining a specified fringe benefit plan during any year beginning after December 31, 1984, for any portion of which the applicable exclusion applies, shall file a return (at such time and in such manner as the Secretary shall by regulations prescribe) with respect to such plan showing for such year— "(1) the number of employees of the employer, "(2) the number of employees of the employer eligible to participate under the plan, "(3) the number of employees participating under the plan, "(4) the total cost of the plan during the year, and "(5) the name, address, and taxpayer identification number of the employer and the type of business in which the employer is engaged. "(b) RECORDKEEPING REQUIREMENT.—Each employer maintaining a specified fringe benefit plan during any year shall keep such records as may be necessary for purposes of determining whether the requirements of the applicable exclusion are met. "(c)

ADDITIONAL INFORMATION WHEN REQUIRED BY THE SECRE-

TARY.—Any employer— "(1) who maintains a specified fringe benefit plan during any year for which a return is required under subsection (a), and "(2) who is required by the Secretary to file an additional return for such year, shall file such additional return. Such additional return shall be filed at such time and in such manner as the Secretary shall prescribe and shall contain such information as the Secretary shall prescribe.

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