Sec. 333. Elimination of additional tax on corrective distributions of excess contributions
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/bill/117/hr/2617/unknown/section-333A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subparagraph
(A)of section 72(t)(2) is amended— by striking or at the end of clause (vii); by striking the period at the end of clause
(viii)and inserting , or ; and by inserting after clause
(viii)the following new clause: attributable to withdrawal of net income attributable to a contribution which is distributed pursuant to section 408(d)(4). . The amendments made by this section shall apply to any determination of, or affecting, liability for taxes, interest, or penalties which is made on or after the date of the enactment of this Act, without regard to whether the act (or failure to act) upon which the determination is based occurred before such date of enactment. Notwithstanding the preceding sentence, nothing in the amendments made by this section shall be construed to create an inference with respect to the law in effect prior to the effective date of such amendments.