§ 194A. Contributions to employer liability trusts
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/usc/title-26/section-194aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Allowance of deduction There shall be allowed as a deduction for the taxable year an amount equal to the amount—
(1)which is contributed by an employer to a trust described in section 501(c)(22) (relating to withdrawal liability payment fund) which meets the requirements of section 4223(h) of the Employee Retirement Income Security Act of 1974, and
(2)which is properly allocable to such taxable year.
(b)Allocation to taxable year In the case of a contribution described in subsection
(a)which relates to any specified period of time which includes more than one taxable year, the amount properly allocable to any taxable year in such period shall be determined by prorating such amounts to such taxable years under regulations prescribed by the Secretary.
(c)Disallowance of deduction No deduction shall be allowed under subsection
(a)with respect to any contribution described in subsection
(a)which does not relate to any specified period of time.
(Added Pub. L. 96–364, title II, § 209(c)(1), Sept. 26, 1980, 94 Stat. 1290, § 194; renumbered § 194A, Pub. L. 97–448, title III, § 305(b)(1), Jan. 12, 1983, 96 Stat. 2399.)
Connections12 cite this · traces to 2
Cited by 12 sections · top 11
U.S. Code
- § 501Exemption from tax on corporations, certain trusts, etc.
- § 401Qualified pension, profit-sharing, and stock bonus plans
- § 414Definitions and special rules
- § 4975Tax on prohibited transactions
- § 411Minimum vesting standards
- § 404Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan
- § 412Minimum funding standards
- § 413Collectively bargained plans, etc.
- § 4971Taxes on failure to meet minimum funding standards
- § 194Treatment of reforestation expenditures
- § 418EInsolvent plans
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8 references not yet in our index
- Pub. L. 96–364, title II, § 209(c)(1)
- 94 Stat. 1290
- Pub. L. 97–448, title III, § 305(b)(1)
- 96 Stat. 2399
- Pub. L. 97–448, title III, § 311(c)(2)
- 96 Stat. 2411
- Pub. L. 96–364, title II, § 210
- 94 Stat. 1291
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§ 194A
Contributions to employer liability trusts
U.S.C.×12
Pub. L.Pub. L. 96–364, title II, § 209(c)(1)
Stat.94 Stat. 1290
Pub. L.Pub. L. 97–448, title III, § 305(b)(1)
Stat.96 Stat. 2399
Pub. L.Pub. L. 97–448, title III, § 311(c)(2)
Cites 10 · showing 7Cited by 12 across 1 source