Sec. 312. Clarification of catch-up contributions with respect to separate lines of business
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/bill/115/s/3781/is/section-312·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subparagraph
(B)of section 414(v)(4) is amended— by striking except that a plan and inserting “except that— a plan ; by striking the period at the end and inserting , and ; and by adding at the end the following new clause: for any year in which an employer complies with section 410(b) on the basis of separate lines of business pursuant to section 410(b)(5), the employer may apply subparagraph
(A)for such year separately with respect to employees in each separate line of business. . The amendments made by this section shall apply to taxable years beginning after December 31, 2018.