case of a retirement bond, within the meaning of section 409, established for the benefit of any individual, and in the concluding provision substituted "or annuity" for ", annuity, or bond" and "or annuities" for ", annuities, or bonds".
Subsec. (b). Pub. L. 98-369, § 491(d)(43), substituted in provision following par. (2)(C) "or the individual retirement annuity" for ", individual retirement annuity, or bond".
Subsec. (b)(1)(A). Pub. L. 98-369, § 491(d)(42), which directed the amendment of subpar. (A) by substituting "and 408(d)(3)" for "408(d)(3), and 409(b)(3)(C)" was executed, as the probable intent of Congress, by substituting "or 408(d)(3))" for "408(d)(3)), or 409(b)(3)(C)".
Subsec. (c)(1). Pub. L. 98-369, § 491(d)(44), substituted "or 408(d)(3)(A)(iii)" for ", 408(d)(3)(A)(iii), or 409(b)(3)(C)".
1981 - Subsec. (a). Pub. L. 97-34, § 311(h)(9), substituted "The tax imposed by this subsection shall be paid by such individual" for "The tax imposed by this subsection shall be paid by the individual to whom a deduction is allowed for the taxable year under section 219 (determined without regard to subsection (b)(1) thereof) or section 220 (determined without regard to subsection (b)(1) thereof), whichever is appropriate".
Subsec. (b)(1)(A). Pub. L. 97-34, § 313(b)(2), inserted "405(d)(3)," after "403(b)(8),".
Subsec. (b)(1)(B). Pub. L. 97-34, § 311(h)(7), substituted "section 219" for "section 219 or 220".
Subsec. (b)(2)(C). Pub. L. 97-34, § 311(h)(7), (10), substituted "section 219" for "section 219 or 220", and "section 219(f)(6)" for "sections 219(c)(5) and 220(c)(6)".
1980 - Subsec. (b)(1)(A). Pub. L. 96-222, § 101(a)(14)(B), inserted reference to section 402(a)(7).
Subsec. (c)(1). Pub. L. 96-222, § 101(a)(13)(C), substituted "409(b)(3)(C)" for "409(d)(3)(C)".
1978 - Subsec. (b)(1)(A). Pub. L. 95-600, § 156(c)(3), inserted reference to section 403(b)(8).
Subsec. (b)(2). Pub. L. 95-600, § 157(b)(3), substituted "reduced by the sum of - " for "reduced by the excess (if any) of", struck out "the maximum amount allowable as a deduction under section 219 or 220 for the taxable year over the amount contributed to the accounts or for the annuities or bonds for the taxable years and reduced by the sum of the distributions out of the account (for the taxable year and all prior taxable years) which were included in the gross income of the payee under section 408(d)(1)" in provision preceding par. (A), and added subpars. (A), (B), and (C).
Subsec. (b). Pub. L. 95-600, §§ 157(j)(1), 701(aa)(1), struck out in last sentence "if such distribution consists of an excess contribution solely because of employer contributions to a plan or contract described in section 219(b)(2) or by reason of the application of section 219(b)(1) (without regard to the $1,500 limitation) or section 220(b)(1) (without regard to the $1,750 limitation) and only if such distribution does not exceed the excess of $1,500 or $1,750 if applicable, over the amount described in paragraph (1)(B)" after "as an amount not contributed".
Subsec. (c)(1). Pub. L. 95-600, § 156(c)(5), inserted "(other than a rollover contribution described in section 403(b)(8), 408(d)(3)(A)(iii), or 409(d)(3)(C))" after "account".
1976 - Subsec. (a)(3). Pub. L. 94-455, §§ 1501(b)(8)(A), 1904(a)(22)(A), substituted "the individual to whom a deduction is allowed for the taxable