Sec. 9705. Extended amortization for single employer plans
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Section 430(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: With respect to plan years beginning after December 31, 2019 (or, at the election of the plan sponsor, after December 31, 2018)— the shortfall amortization bases for all plan years preceding the first plan year beginning after December 31, 2019 (or after December 31, 2018, whichever is elected), and all shortfall amortization installments determined with respect to such bases, shall be reduced to zero, and subparagraphs
(A)and
(B)of paragraph
(2)shall each be applied by substituting 15-plan-year period for 7-plan-year period . . Section 303(c) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1083(c) ) is amended by adding at the end the following new paragraph: With respect to plan years beginning after December 31, 2019 (or, at the election of the plan sponsor, after December 31, 2018)— the shortfall amortization bases for all plan years preceding the first plan year beginning after December 31, 2019 (or after December 31, 2018, whichever is elected), and all shortfall amortization installments determined with respect to such bases, shall be reduced to zero, and subparagraphs
(A)and
(B)of paragraph
(2)shall each be applied by substituting 15-plan-year period for 7-plan-year period . . The amendments made by this section shall apply to plan years beginning after December 31, 2018.
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Sec. 9705
Extended amortization for single employer plans
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