Sec. 306. Election to discount contributions from final due date
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Section 303(j)(2) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1083(j)(2) ) is amended by adding at the end the following: For purposes of this paragraph, a plan sponsor may elect to treat all payments made after the valuation date as having been made on the last day permissible under paragraph (1). . Section 430(j)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following: For purposes of this paragraph, a plan sponsor may elect to treat all payments made after the valuation date as having been made on the last day permissible under paragraph (1). .
The amendments made by this section shall apply to plan years beginning after December 31, 2014.
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Sec. 306
Election to discount contributions from final due date
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