Sec. 1611. Termination for new SEPs
118 words·~1 min read·
/bill/113/hr/1/ih/section-1611A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 408(k) is amended by redesignating paragraph
(9)as paragraph
(10)and by inserting after paragraph
(8)the following new paragraph: This subsection shall not apply to years beginning after December 31, 2014. The preceding sentence shall not apply to any simplified employee pension of an employer if such simplified employee pension, and the terms thereof, meet the requirements of this subsection on and after such date. . Section 402(h) is amended by adding at the end the following new paragraph: This subsection shall not apply to any simplified employee pension the arrangement for which is established after December 31, 2014. . The amendments made by this section shall apply to taxable years beginning after December 31, 2014.