Sec. 401. Amendments relating to Setting Every Community Up for Retirement Enhancement Act of 2019
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/bill/116/hr/8696/ih/section-401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
2019 114 Section 401(a)(9)(C)(iii) of the Internal Revenue Code of 1986 is amended by striking employee to whom clause (i)(II) applies and inserting employee (other than an employee to whom clause (i)(II) does not apply by reason of clause (ii)) . 116 Section 4973(b) of the Internal Revenue Code of 1986 is amended by adding at the end of the flush matter the following: Such term shall not include any designated nondeductible contribution (as defined in subparagraph
(C)of section 408(o)(2)) which does not exceed the nondeductible limit under subparagraph
(B)thereof by reason of an election under section 408(o)(5). . The amendments made by this section shall take effect as if included in section of the Setting Every Community Up for Retirement Enhancement Act of 2019 to which the amendment relates. Section 72(t)(2)(H)(vi)(IV) of the Internal Revenue Code of 1986 is amended by striking 403(b)(7)(A)(ii) and inserting 403(b)(7)(A)(i) .