Source: https://irc.bloombergtax.com/public/uscode/doc/irc/72
Timestamp: 2019-05-19 17:40:29
Document Index: 217324154

Matched Legal Cases: ['§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72', '§ 72']

Internal Revenue Code, § 72. Annuities; Certain Proceeds Of Endowment And Life Insurance Contracts
I.R.C. § 72(a) General Rules For Annuities
I.R.C. § 72(a)(1) Income Inclusion —
I.R.C. § 72(a)(2) Partial Annuitization —
I.R.C. § 72(a)(2)(A) —
I.R.C. § 72(a)(2)(B) —
I.R.C. § 72(a)(2)(C) —
I.R.C. § 72(b) Exclusion Ratio
I.R.C. § 72(b)(1) In General —
I.R.C. § 72(b)(2) Exclusion Limited To Investment —
I.R.C. § 72(b)(3) Deduction Where Annuity Payments Cease Before Entire Investment Recovered
I.R.C. § 72(b)(3)(A) In General —
I.R.C. § 72(b)(3)(A)(i) —
I.R.C. § 72(b)(3)(A)(ii) —
as of the date of such cessation, there is unrecovered investment in the contract, the amount of such unrecovered investment (in excess of any amount specified in subsection (e)(5) which was not included in gross income) shall be allowed as a deduction to the annuitant for his last taxable year.
I.R.C. § 72(b)(3)(B) Payments To Other Persons —
I.R.C. § 72(b)(3)(C) Net Operating Loss Deductions Provided —
I.R.C. § 72(b)(4) Unrecovered Investment —
I.R.C. § 72(b)(4)(A) —
I.R.C. § 72(b)(4)(B) —
I.R.C. § 72(c) Definitions
I.R.C. § 72(c)(1) Investment In The Contract —
I.R.C. § 72(c)(1)(A) —
I.R.C. § 72(c)(1)(B) —
I.R.C. § 72(c)(2) Adjustment In Investment Where There Is Refund Feature —
I.R.C. § 72(c)(2)(A) —
I.R.C. § 72(c)(2)(B) —
I.R.C. § 72(c)(2)(C) —
I.R.C. § 72(c)(3) Expected Return —
I.R.C. § 72(c)(3)(A) Life Expectancy —
I.R.C. § 72(c)(3)(B) Installment Payments —
I.R.C. § 72(c)(4) Annuity Starting Date —
I.R.C. § 72(d) Special Rules For Qualified Employer Retirement Plans
I.R.C. § 72(d)(1) Simplified Method Of Taxing Annuity Payments
I.R.C. § 72(d)(1)(A) In General —
I.R.C. § 72(d)(1)(A)(i) —
I.R.C. § 72(d)(1)(A)(ii) —
I.R.C. § 72(d)(1)(B) Method Of Recovering Investment In Contract
I.R.C. § 72(d)(1)(B)(i) In General —
I.R.C. § 72(d)(1)(B)(i)(I) —
I.R.C. § 72(d)(1)(B)(i)(II) —
I.R.C. § 72(d)(1)(B)(ii) Certain Rules Made Applicable —
I.R.C. § 72(d)(1)(B)(iii) Number Of Anticipated Payments —
If the age of the annuitant  	                        The number of  on the annuity starting date is:                  anticipated payments is:  Not more than 55.............................................360  More than 55 but not more than 60............................310  More than 60 but not more than 65............................260  More than 65 but not more than 70............................210  More than 70.................................................160.
I.R.C. § 72(d)(1)(B)(iv) Number Of Anticipated Payments Where More Than One Life —
If the combined ages of annuitants are:           The number is:  Not more than 110                                             410 More than 110 but not more than 120                           360 More than 120 but not more than 130                           310 More than 130 but not more than 140                           260 More than 140                                                 210.
I.R.C. § 72(d)(1)(C) Adjustment For Refund Feature Not Applicable —
I.R.C. § 72(d)(1)(D) Special Rule Where Lump Sum Paid In Connection With Commencement Of Annuity Payments —
If, in connection with the commencement of annuity payments under any qualified employer retirement plan, the taxpayer receives a lump sum payment—
I.R.C. § 72(d)(1)(D)(i) —
I.R.C. § 72(d)(1)(D)(ii) —
I.R.C. § 72(d)(1)(E) Exception —
I.R.C. § 72(d)(1)(F) Adjustment Where Annuity Payments Not On Monthly Basis —
I.R.C. § 72(d)(1)(G) Qualified Employer Retirement Plan —
I.R.C. § 72(d)(2) Treatment Of Employee Contributions Under Defined Contribution Plans —
I.R.C. § 72(e) Amounts Not Received As Annuities
I.R.C. § 72(e)(1) Application Of Subsection
I.R.C. § 72(e)(1)(A) In General —
I.R.C. § 72(e)(1)(A)(i) —
I.R.C. § 72(e)(1)(A)(ii) —
I.R.C. § 72(e)(1)(B) Dividends —
I.R.C. § 72(e)(2) General Rule —
I.R.C. § 72(e)(2)(A) —
I.R.C. § 72(e)(2)(B) —
I.R.C. § 72(e)(2)(B)(i) —
I.R.C. § 72(e)(2)(B)(ii) —
I.R.C. § 72(e)(3) Allocation Of Amounts To Income And Investment —
I.R.C. § 72(e)(3)(A) Allocation To Income —
I.R.C. § 72(e)(3)(A)(i) —
I.R.C. § 72(e)(3)(A)(ii) —
I.R.C. § 72(e)(3)(B) Allocation To Investment —
I.R.C. § 72(e)(4) Special Rules For Application Of Paragraph (2)(B) —
I.R.C. § 72(e)(4)(A) Loans Treated As Distributions —
I.R.C. § 72(e)(4)(A)(i) —
I.R.C. § 72(e)(4)(A)(ii) —
assigns or pledges (or agrees to assign or pledge) any portion of the value of any such contract, such amount or portion shall be treated as received under the contract as an amount not received as an annuity. The preceding sentence shall not apply for purposes of determining investment in the contract, except that the investment in the contract shall be increased by any amount included in gross income by reason of the amount treated as received under the preceding sentence.
I.R.C. § 72(e)(4)(B) Treatment Of Policyholder Dividends —
I.R.C. § 72(e)(4)(C) Treatment Of Transfers Without Adequate Consideration
I.R.C. § 72(e)(4)(C)(i) In General —
I.R.C. § 72(e)(4)(C)(i)(I) —
I.R.C. § 72(e)(4)(C)(i)(II) —
the investment in such contract at such time, under the contract as an amount not received as an annuity.
I.R.C. § 72(e)(4)(C)(ii) Exception For Certain Transfers Between Spouses Or Former Spouses —
I.R.C. § 72(e)(4)(C)(iii) Adjustment To Investment In Contract Of Transferee —
I.R.C. § 72(e)(5) Retention Of Existing Rules In Certain Cases
I.R.C. § 72(e)(5)(A) In General —
I.R.C. § 72(e)(5)(A)(i) —
I.R.C. § 72(e)(5)(A)(ii) —
if paragraph (2)(A) does not apply, the amount shall be included in gross income, but only to the extent it exceeds the investment in the contract.
I.R.C. § 72(e)(5)(B) Existing Contracts —
I.R.C. § 72(e)(5)(C) Certain Life Insurance And Endowment Contracts —
I.R.C. § 72(e)(5)(D) Contracts Under Qualified Plans —
I.R.C. § 72(e)(5)(D)(i) —
I.R.C. § 72(e)(5)(D)(ii) —
I.R.C. § 72(e)(5)(D)(ii)(I) —
I.R.C. § 72(e)(5)(D)(ii)(II) —
I.R.C. § 72(e)(5)(D)(ii)(III) —
I.R.C. § 72(e)(5)(D)(ii)(IV) —
I.R.C. § 72(e)(5)(D)(iii) —
I.R.C. § 72(e)(5)(E) Full Refunds, Surrenders, Redemptions, And Maturities —
I.R.C. § 72(e)(5)(E)(i) —
I.R.C. § 72(e)(5)(E)(ii) —
I.R.C. § 72(e)(6) Investment In The Contract —
I.R.C. § 72(e)(6)(A) —
I.R.C. § 72(e)(6)(B) —
I.R.C. § 72(e)(7) —
[Repealed. Pub. L. 100-647, title I, 1011A(b)(9)(A), Nov. 10, 1988, 102 Stat. 3474]
I.R.C. § 72(e)(8) Extension Of Paragraph (2)(B) To Qualified Plans
I.R.C. § 72(e)(8)(A) In General —
I.R.C. § 72(e)(8)(B) Allocation Of Amount Received —
I.R.C. § 72(e)(8)(C) Treatment Of Forfeitable Rights —
I.R.C. § 72(e)(8)(D) Investment In The Contract Before 1987 —
I.R.C. § 72(e)(9) Extension Of Paragraph (2)(B) To Qualified Tuition Programs And Coverdell Education Savings Accounts —
I.R.C. § 72(e)(10) Treatment Of Modified Endowment Contracts
I.R.C. § 72(e)(10)(A) In General —
I.R.C. § 72(e)(10)(A)(i) —
I.R.C. § 72(e)(10)(A)(ii) —
I.R.C. § 72(e)(10)(B) Treatment Of Certain Burial Contracts —
I.R.C. § 72(e)(11) Special Rules For Certain Combination Contracts Providing Long-Term Care Insurance —
I.R.C. § 72(e)(11)(A) —
I.R.C. § 72(e)(11)(B) —
I.R.C. § 72(e)(12) Anti-Abuse Rules
I.R.C. § 72(e)(12)(A) In General —
I.R.C. § 72(e)(12)(A)(i) —
I.R.C. § 72(e)(12)(A)(ii) —
I.R.C. § 72(e)(12)(B) Regulatory Authority —
I.R.C. § 72(f) Special Rules For Computing Employees' Contributions —
I.R.C. § 72(f)(1) —
I.R.C. § 72(f)(2) —
I.R.C. § 72(g) Rules For Transferee Where Transfer Was For Value —
I.R.C. § 72(g)(1) —
I.R.C. § 72(g)(2) —
I.R.C. § 72(g)(3) —
the annuity starting date is the first day of the first period for which the transferee received an amount under the contract as an annuity.
I.R.C. § 72(h) Option To Receive Annuity In Lieu Of Lump Sum —
I.R.C. § 72(h)(1) —
I.R.C. § 72(h)(2) —
I.R.C. § 72(h)(3) —
I.R.C. § 72(i) —
[Repealed. Pub. L. 94-455, title XIX, 1951(b)(1)(A), Oct. 4, 1976, 90 Stat. 1836]
I.R.C. § 72(j) Interest —
I.R.C. § 72(k) —
[Repealed. Pub. L. 98-369, div. A, title IV, 421(b)(1), July 18, 1984, 98 Stat. 794]
I.R.C. § 72(l) Face-Amount Certificates —
For purposes of this section, the term “endowment contract" includes a face-amount certificate, as defined in section 2(a)(15) of the Investment Company Act of 1940 (15 U.S.C., sec. 80a-2), issued after December 31, 1954.
I.R.C. § 72(m) Special Rules Applicable To Employee Annuities And Distributions Under Employee Plans
I.R.C. § 72(m)(1) —
[Repealed. Pub. L. 93-406, title II, 2001(h)(2), Sept. 2, 1974, 88 Stat. 957]
I.R.C. § 72(m)(2) Computation Of Consideration Paid By The Employee —
I.R.C. § 72(m)(2)(A) —
I.R.C. § 72(m)(2)(B) —
I.R.C. § 72(m)(3) Life Insurance Contracts
I.R.C. § 72(m)(3)(A) —
I.R.C. § 72(m)(3)(A)(i) —
I.R.C. § 72(m)(3)(A)(ii) —
I.R.C. § 72(m)(3)(B) —
I.R.C. § 72(m)(3)(C) —
I.R.C. § 72(m)(4) —
[Repealed. Pub. L. 97-248, title II, 236(b)(1), Sept. 3, 1982, 96 Stat. 510]
I.R.C. § 72(m)(5) Penalties Applicable To Certain Amounts Received By 5-Percent Owners
I.R.C. § 72(m)(5)(A) —
I.R.C. § 72(m)(5)(B) —
I.R.C. § 72(m)(5)(C) —
I.R.C. § 72(m)(6) Owner-Employee Defined —
For purposes of this subsection, the term “owner-employee" has the meaning assigned to it by section 401(c)(3) and includes an individual for whose benefit an individual retirement account or annuity described in section 408(a) or (b) is maintained. For purposes of the preceding sentence, the term “owner-employee” shall include an employee within the meaning of section 401(c)(1).
I.R.C. § 72(m)(7) Meaning Of Disabled —
I.R.C. § 72(m)(8) —
I.R.C. § 72(m)(9) —
[Repealed. Pub. L. 98-369, div. A, title VII, 713(d)(1), July 18, 1984, 98 Stat. 957]
I.R.C. § 72(m)(10) Determination Of Investment In The Contract In The Case Of Qualified Domestic Relations Orders —
I.R.C. § 72(n) Annuities Under Retired Serviceman's Family Protection Plan Or Survivor Benefit Plan —
I.R.C. § 72(o) Special Rules For Distributions From Qualified Plans To Which Employee Made Deductible Contributions
I.R.C. § 72(o)(1) Treatment Of Contributions —
I.R.C. § 72(o)(2) —
[Repealed. Pub. L. 100-647, title I, 1011A(c)(8), Nov. 10, 1988, 102 Stat. 3476]
I.R.C. § 72(o)(3) Amounts Constructively Received
I.R.C. § 72(o)(3)(A) In General —
I.R.C. § 72(o)(3)(B) Purchase Of Life Insurance —
I.R.C. § 72(o)(4) Special Rule For Treatment Of Rollover Amounts —
I.R.C. § 72(o)(5) Definitions And Special Rules —
I.R.C. § 72(o)(5)(A) Deductible Employee Contributions —
I.R.C. § 72(o)(5)(B) Accumulated Deductible Employee Contributions —
The term “accumulated deductible employee contributions" means the deductible employee contributions—
I.R.C. § 72(o)(5)(B)(i) —
I.R.C. § 72(o)(5)(B)(ii) —
I.R.C. § 72(o)(5)(C) Qualified Employer Plan —
I.R.C. § 72(o)(5)(D) Government Plan —
I.R.C. § 72(o)(6) Ordering Rules —
I.R.C. § 72(p) Loans Treated As Distributions —
I.R.C. § 72(p)(1) Treatment As Distributions
I.R.C. § 72(p)(1)(A) Loans —
I.R.C. § 72(p)(1)(B) Assignments Or Pledges —
I.R.C. § 72(p)(2) Exception For Certain Loans
I.R.C. § 72(p)(2)(A) General Rule —
I.R.C. § 72(p)(2)(A)(i) —
I.R.C. § 72(p)(2)(A)(i)(I) —
I.R.C. § 72(p)(2)(A)(i)(II) —
I.R.C. § 72(p)(2)(A)(ii) —
I.R.C. § 72(p)(2)(A)(ii)(I) —
I.R.C. § 72(p)(2)(A)(ii)(II) —
I.R.C. § 72(p)(2)(B) Requirement That Loan Be Repayable Within 5 Years
I.R.C. § 72(p)(2)(B)(i) In General —
I.R.C. § 72(p)(2)(B)(ii) Exception For Home Loans —
I.R.C. § 72(p)(2)(C) Requirement Of Level Amortization —
I.R.C. § 72(p)(2)(D) Related Employers And Related Plans —
I.R.C. § 72(p)(2)(D)(i) —
I.R.C. § 72(p)(2)(D)(ii) —
I.R.C. § 72(p)(3) Denial Of Interest Deductions In Certain Cases
I.R.C. § 72(p)(3)(A) In General —
I.R.C. § 72(p)(3)(B) Period To Which Subparagraph (A) Applies —
I.R.C. § 72(p)(3)(B)(i) —
I.R.C. § 72(p)(3)(B)(ii) —
I.R.C. § 72(p)(4) Qualified Employer Plan, Etc. —
I.R.C. § 72(p)(4)(A) Qualified Employer Plan
I.R.C. § 72(p)(4)(A)(i) In General —
I.R.C. § 72(p)(4)(A)(i)(I) —
I.R.C. § 72(p)(4)(A)(i)(II) —
I.R.C. § 72(p)(4)(A)(i)(III) —
I.R.C. § 72(p)(4)(A)(ii) Special Rule —
I.R.C. § 72(p)(4)(B) Government Plan —
I.R.C. § 72(p)(5) Special Rules For Loans, Etc., From Certain Contracts —
I.R.C. § 72(q) 10-Percent Penalty For Premature Distributions From Annuity Contracts
I.R.C. § 72(q)(1) Imposition Of Penalty —
I.R.C. § 72(q)(2) Subsection Not To Apply To Certain Distributions —
I.R.C. § 72(q)(2)(A) —
made on or after the date on which the taxpayer attains age 591/2,
I.R.C. § 72(q)(2)(B) —
I.R.C. § 72(q)(2)(C) —
I.R.C. § 72(q)(2)(D) —
I.R.C. § 72(q)(2)(E) —
I.R.C. § 72(q)(2)(F) —
allocable to investment in the contract before August 14, 1982, or
I.R.C. § 72(q)(2)(G) —
I.R.C. § 72(q)(2)(H) —
I.R.C. § 72(q)(2)(I) —
I.R.C. § 72(q)(2)(J) —
I.R.C. § 72(q)(3) Change In Substantially Equal Payments —
I.R.C. § 72(q)(3)(A) —
I.R.C. § 72(q)(3)(B) —
I.R.C. § 72(q)(3)(B)(i) —
before the close of the 5-year period beginning on the date of the first payment and after the taxpayer attains age 591/2, or
I.R.C. § 72(q)(3)(B)(ii) —
before the taxpayer attains age 591/2,
I.R.C. § 72(r) Certain Railroad Retirement Benefits Treated As Received Under Employer Plans
I.R.C. § 72(r)(1) In General —
I.R.C. § 72(r)(2) Tier 2 Taxes Treated As Contributions
I.R.C. § 72(r)(2)(A) In General —
I.R.C. § 72(r)(2)(A)(i) —
I.R.C. § 72(r)(2)(A)(ii) —
I.R.C. § 72(r)(2)(A)(iii) —
I.R.C. § 72(r)(2)(B) Tier 2 Portion —
I.R.C. § 72(r)(2)(B)(i) After 1984 —
I.R.C. § 72(r)(2)(B)(ii) After September 30, 1981, And Before 1985 —
I.R.C. § 72(r)(2)(B)(ii)(I) —
I.R.C. § 72(r)(2)(B)(ii)(II) —
I.R.C. § 72(r)(2)(B)(iii) Before October 1, 1981 —
I.R.C. § 72(r)(2)(B)(iii)(I) —
I.R.C. § 72(r)(2)(B)(iii)(II) —
I.R.C. § 72(r)(2)(C) Contributions Not Allocable To Supplemental Annuity Or Windfall Benefits —
I.R.C. § 72(r)(2)(C)(i) —
I.R.C. § 72(r)(2)(C)(ii) —
I.R.C. § 72(r)(3) Tier 1 Railroad Retirement Benefit —
I.R.C. § 72(s) Required Distributions Where Holder Dies Before Entire Interest Is Distributed
I.R.C. § 72(s)(1) In General —
I.R.C. § 72(s)(1)(A) —
I.R.C. § 72(s)(1)(B) —
I.R.C. § 72(s)(2) Exception For Certain Amounts Payable Over Life Of Beneficiary —
I.R.C. § 72(s)(2)(A) —
I.R.C. § 72(s)(2)(B) —
I.R.C. § 72(s)(2)(C) —
such distributions begin not later than 1 year after the date of the holder's death or such later date as the Secretary may by regulations prescribe, then for purposes of paragraph (1), the portion referred to in subparagraph (A) shall be treated as distributed on the day on which such distributions begin.
I.R.C. § 72(s)(3) Special Rule Where Surviving Spouse Beneficiary —
I.R.C. § 72(s)(4) Designated Beneficiary —
I.R.C. § 72(s)(5) Exception For Certain Annuity Contracts —
I.R.C. § 72(s)(5)(A) —
I.R.C. § 72(s)(5)(A)(i) —
I.R.C. § 72(s)(5)(A)(ii) —
I.R.C. § 72(s)(5)(B) —
I.R.C. § 72(s)(5)(C) —
I.R.C. § 72(s)(5)(D) —
I.R.C. § 72(s)(6) Special Rule Where Holder Is Corporation Or Other Non-Individual
I.R.C. § 72(s)(6)(A) In General —
I.R.C. § 72(s)(6)(B) Primary Annuitant —
I.R.C. § 72(s)(7) Treatment Of Changes In Primary Annuitant Where Holder Of Contract Is Not An Individual —
I.R.C. § 72(t) 10-Percent Additional Tax On Early Distributions From Qualified Retirement Plans
I.R.C. § 72(t)(1) Imposition Of Additional Tax —
I.R.C. § 72(t)(2) Subsection Not To Apply To Certain Distributions —
I.R.C. § 72(t)(2)(A) In General —
I.R.C. § 72(t)(2)(A)(i) —
made on or after the date on which the employee attains age 591/2,
I.R.C. § 72(t)(2)(A)(ii) —
I.R.C. § 72(t)(2)(A)(iii) —
I.R.C. § 72(t)(2)(A)(iv) —
I.R.C. § 72(t)(2)(A)(v) —
I.R.C. § 72(t)(2)(A)(vi) —
dividends paid with respect to stock of a corporation which are described in section 404(k),
I.R.C. § 72(t)(2)(A)(vii) —
made on account of a levy under section 6331 on the qualified retirement plan, or
I.R.C. § 72(t)(2)(A)(viii) —
payments under a phased retirement annuity under section 8366a(a)(5) or 8412a(a)(5) of title 5, United States Code, or a composite retirement annuity under section 8366a(a)(1) or 8412a(a)(1) of such title.
I.R.C. § 72(t)(2)(B) Medical Expenses —
I.R.C. § 72(t)(2)(C) Payments To Alternate Payees Pursuant To Qualified Domestic Relations Orders —
I.R.C. § 72(t)(2)(D) Distributions To Unemployed Individuals For Health Insurance Premiums
I.R.C. § 72(t)(2)(D)(i) In General —
I.R.C. § 72(t)(2)(D)(i)(I) —
I.R.C. § 72(t)(2)(D)(i)(II) —
I.R.C. § 72(t)(2)(D)(i)(III) —
I.R.C. § 72(t)(2)(D)(ii) Distributions After Reemployment —
I.R.C. § 72(t)(2)(D)(iii) Self-Employed Individuals —
I.R.C. § 72(t)(2)(E) Distributions From Individual Retirement Plans For Higher Education Expenses —
I.R.C. § 72(t)(2)(F) Distributions From Certain Plans For First Home Purchases —
I.R.C. § 72(t)(2)(G) Distributions From Retirement Plans To Individuals Called To Active Duty
I.R.C. § 72(t)(2)(G)(i) In General —
I.R.C. § 72(t)(2)(G)(ii) Amount Distributed May Be Repaid —
I.R.C. § 72(t)(2)(G)(iii) Qualified Reservist Distribution —
I.R.C. § 72(t)(2)(G)(iii)(I) —
I.R.C. § 72(t)(2)(G)(iii)(II) —
I.R.C. § 72(t)(2)(G)(iii)(III) —
I.R.C. § 72(t)(2)(G)(iv) Application Of Subparagraph —
I.R.C. § 72(t)(3) Limitations
I.R.C. § 72(t)(3)(A) Certain Exceptions Not To Apply To Individual Retirement Plans —
I.R.C. § 72(t)(3)(B) Periodic Payments Under Qualified Plans Must Begin After Separation —
I.R.C. § 72(t)(4) Change In Substantially Equal Payments
I.R.C. § 72(t)(4)(A) In General —
I.R.C. § 72(t)(4)(A)(i) —
I.R.C. § 72(t)(4)(A)(ii) —
the series of payments under such paragraph are subsequently modified (other than by reason of death or disability or a distribution to which paragraph (10) applies)—
I.R.C. § 72(t)(4)(A)(ii)(I) —
before the close of the 5-year period beginning with the date of the first payment and after the employee attains age 591/2, or
I.R.C. § 72(t)(4)(A)(ii)(II) —
before the employee attains age 591/2,
I.R.C. § 72(t)(4)(B) Deferral Period —
I.R.C. § 72(t)(5) Employee —
For purposes of this subsection, the term “employee" includes any participant, and in the case of an individual retirement plan, the individual for whose benefit such plan was established.
I.R.C. § 72(t)(6) Special Rules For Simple Retirement Accounts —
I.R.C. § 72(t)(7) Qualified Higher Education Expenses —
I.R.C. § 72(t)(7)(A) In General —
I.R.C. § 72(t)(7)(A)(i) —
I.R.C. § 72(t)(7)(A)(ii) —
I.R.C. § 72(t)(7)(A)(iii) —
I.R.C. § 72(t)(7)(B) Coordination With Other Benefits —
I.R.C. § 72(t)(8) Qualified First-Time Homebuyer Distributions —
I.R.C. § 72(t)(8)(A) In General —
I.R.C. § 72(t)(8)(B) Lifetime Dollar Limitation —
I.R.C. § 72(t)(8)(B)(i) —
I.R.C. § 72(t)(8)(B)(ii) —
I.R.C. § 72(t)(8)(C) Qualified Acquisition Costs —
I.R.C. § 72(t)(8)(D) First-Time Homebuyer; Other Definitions —
I.R.C. § 72(t)(8)(D)(i) First-Time Homebuyer —
I.R.C. § 72(t)(8)(D)(i)(I) —
I.R.C. § 72(t)(8)(D)(i)(II) —
I.R.C. § 72(t)(8)(D)(ii) Principal Residence —
I.R.C. § 72(t)(8)(D)(iii) Date Of Acquisition —
I.R.C. § 72(t)(8)(D)(iii)(I) —
I.R.C. § 72(t)(8)(D)(iii)(II) —
I.R.C. § 72(t)(8)(E) Special Rule Where Delay In Acquisition —
I.R.C. § 72(t)(8)(E)(i) —
I.R.C. § 72(t)(8)(E)(ii) —
I.R.C. § 72(t)(9) Special Rule For Rollovers To Section 457 Plans —
I.R.C. § 72(t)(10) Distributions To Qualified Public Safety Employees In Governmental Plans
I.R.C. § 72(t)(10)(A) In General —
I.R.C. § 72(t)(10)(B) Qualified Public Safety Employee —
For purposes of this paragraph, the term “qualified public safety employee” means—
I.R.C. § 72(t)(10)(B)(i) —
any employee of a State or political subdivision of a State who provides police protection, firefighting services, or emergency medical services for any area within the jurisdiction of such State or political subdivision, or
I.R.C. § 72(t)(10)(B)(ii) —
any Federal law enforcement officer described in section 8331(20) or 8401(17) of title 5, United States Code, any Federal customs and border protection officer described in section 8331(31) or 8401(36) of such title, any Federal firefighter described in section 8331(21) or 8401(14) of such title, any air traffic controller described in 8331(30) or 8401(35) of such title, any nuclear materials courier described in section 8331(27) or 8401(33) of such title, any member of the United States Capitol Police, any member of the Supreme Court Police, or any diplomatic security special agent of the Department of State.
I.R.C. § 72(u) Treatment Of Annuity Contracts Not Held By Natural Persons
I.R.C. § 72(u)(1) In General —
I.R.C. § 72(u)(1)(A) —
I.R.C. § 72(u)(1)(B) —
I.R.C. § 72(u)(2) Income On The Contract
I.R.C. § 72(u)(2)(A) In General —
I.R.C. § 72(u)(2)(A)(i) —
I.R.C. § 72(u)(2)(A)(ii) —
Where necessary to prevent the avoidance of this subsection, the Secretary may substitute “fair market value of the contract" for “net surrender value of the contract” each place it appears in the preceding sentence.
I.R.C. § 72(u)(2)(B) Net Premiums —
For purposes of this paragraph, the term “net premiums" means the amount of premiums paid under the contract reduced by any policyholder dividends.
I.R.C. § 72(u)(3) Exceptions —
I.R.C. § 72(u)(3)(A) —
I.R.C. § 72(u)(3)(B) —
I.R.C. § 72(u)(3)(C) —
I.R.C. § 72(u)(3)(D) —
I.R.C. § 72(u)(3)(E) —
I.R.C. § 72(u)(4) Immediate Annuity —
I.R.C. § 72(u)(4)(A) —
I.R.C. § 72(u)(4)(B) —
I.R.C. § 72(u)(4)(C) —
I.R.C. § 72(v) 10-Percent Additional Tax For Taxable Distributions From Modified Endowment Contracts
I.R.C. § 72(v)(1) Imposition Of Additional Tax —
I.R.C. § 72(v)(2) Subsection Not To Apply To Certain Distributions —
I.R.C. § 72(v)(2)(A) —
I.R.C. § 72(v)(2)(B) —
I.R.C. § 72(v)(2)(C) —
I.R.C. § 72(w) Application Of Basis Rules To Nonresident Aliens
I.R.C. § 72(w)(1) In General —
I.R.C. § 72(w)(2) Applicable Nontaxable Contribution —
I.R.C. § 72(w)(2)(A) —
I.R.C. § 72(w)(2)(A)(i) —
I.R.C. § 72(w)(2)(A)(ii) —
I.R.C. § 72(w)(2)(B) —
I.R.C. § 72(w)(3) Applicable Nontaxable Earnings —
I.R.C. § 72(w)(3)(A) —
I.R.C. § 72(w)(3)(B) —
I.R.C. § 72(w)(3)(C) —
I.R.C. § 72(w)(4) Regulations —
I.R.C. § 72(x) Cross Reference —
(Aug. 16, 1954, ch. 736, 68A Stat. 20 ; Oct. 10, 1962, Pub. L. 87-792, Sec. 4(a), (b), 76 Stat. 821; Oct. 16, 1962, Pub. L. 87-834, Sec. 11(b), 76 Stat. 1005; Feb. 26, 1964, Pub. L. 88-272, title II, Sec. 232(b), 78 Stat. 110; June 21, 1965, Pub. L. 89-44, title VIII, Sec. 809(d)(2), 79 Stat. 167; July 30, 1965, Pub. L. 89-97, title I, Sec. 106(d)(2), 79 Stat. 337; Mar. 8, 1966, Pub. L. 89-365, Sec. 1(b), 80 Stat. 32; Dec. 30, 1969, Pub. L. 91-172, title V, Sec. 515(b), 83 Stat. 644; Sept. 2, 1974, Pub. L. 93-406, title II, Sec. 2001(e)(5), (g)(1), (2)(A), (h)(2), (3), 2002(g)(10), 2005(c)(3), 2007(b)(2), 88 Stat. 955, 957, 970, 991, 994; Oct. 4, 1976, Pub. L. 94-455, title XIX, Sec. 1901(a)(12), (13), 1906(b)(13)(A), 1951(b)(1)(A), 90 Stat. 1765, 1834, 1836; Aug. 13, 1981, Pub. L. 97-34, title III, Sec. 311(b)(1), 312(d), (e)(1), 95 Stat. 278, 284; Sept. 3, 1982, Pub. L. 97-248, title II, Sec. 236(a), (b), 237(d), 265(a), (b)(1), 96 Stat. 509-511 , 544-546; Jan. 12, 1983, Pub. L. 97-448, title I, Sec. 103(c)(3)(B)(i), (6), Aug. 12, 1983, title III, Sec. 306(c)(11), Jan. 12, 1982, , 96 Stat. 2376; 2404; Pub. L. 98-76, title II, Sec. 224(a), 97 Stat. 421; July 18, 1984, Pub. L. 98-369, div. A, title II, Sec. 211(b)(1), 222(a), (b), title IV, Sec. 421(b)(1), 491(d)(3), (4), title V, Sec. 521(d), 523(a), (b), title VII, Sec. 713(b)(1)-(c)(1)(B), (d)(1), 98 Stat. 754, 774, 794, 849, 868, 871, 872, 956, 957; Aug. 23, 1984, Pub. L. 98-397, title II, Sec. 204(c)(2), 98 Stat. 1448; Oct. 22, 1986, Pub. L. 99-514, title XI, Sec. 1101(b)(2)(B), (C), 1122(c), 1123(a), (b), (d)(1), 1134(a)-(d), 1135(a), title XVIII, Sec. 1826(a), (b)(1)-(3), (c), (d), 1852(a)(2), (c)(1)-(4), 1854(b)(1), 1898(c)(1)(B), 100 Stat. 2413, 2414, 2467, 2472, 2474, 2475, 2483, 2484, 2848-2850, 2864, 2867, 2878, 2951; Nov. 10, 1988, Pub. L. 100-647, title I, Sec. 1011A(b)(1)(A), (B), (2), (9), (c)(1)-(8), (h), (i), 1018(k), (t)(1)(A), (B), (u)(8), title V, Sec. 5012(a), (b)(1), (d), (e), 102 Stat. 3472, 3474-3476, 3482, 3583, 3587, 3590, 3661, 3662, 3664; Dec. 19, 1989, Pub. L. 101-239, title VII, Sec. 7811(m)(4), 7815(a)(3), (5), 103 Stat. 2412, 2414; Nov. 5, 1990, Pub. L. 101-508, title XI, Sec. 11802(a), 104 Stat. 1388-529; July 3, 1992, Pub. L. 102-318, title V, Sec. 521, 106 Stat. 290; Aug. 20, 1996, Pub. L. 104-188, title I, Sec. 1403, 1421, 1463, 1704, 110 Stat. 1755; Aug. 21, 1996, Pub. L. 104-191, title III, Sec. 361, 110 Stat. 1936; Pub. L. 105-34, title II, III, X, Sec. 203, 303, 1075, Aug. 5, 1997, 111 Stat 788; Pub. L. 105-206, title III, Sec. 3436(a), title VI, Sec. 6004(d)(3)(B), 6005(c)(1), 6023(4), July 22, 1998, 112 Stat 685; Pub. L. 107-16, title IV, Sec. 402(a), title VI, Sec. 632(a), 641, June 7, 2001, 115 Stat. 38; Pub. L. 107-22, Sec. 1(b), July 26, 2001, 115 Stat. 196; Pub. L. 107-90, title II, Sec. 204(e)(2), Dec. 21, 2001, 115 Stat. 878; Pub. L. 108-311, title II, IV, Sec. 207(6), 207(7), 408(a)(4), Oct. 4, 2004, 118 Stat. 1166; Pub. L. 108-357, title IX, Sec. 906(a), Oct. 22, 2004, 118 Stat. 1418; Pub. L. 109-280, title VIII, Sec. 827(a), 828(a), 844(a), Aug. 17, 2006, 120 Stat. 780; Pub. L. 110-245, Sec. 107(a), June 17, 2008, 122 Stat. 1624; Pub. L. 110-458, title I, Sec. 108(e), Dec. 23, 2008, 122 Stat. 5092; Pub. L. 111-240, title II, Sec. 2113, Sept. 27, 2010, 124 Stat. 2504; Pub. L. 112-141, Sec. 100121(c), July 6, 2012, 126 Stat. 405; Pub. L. 113-295, Div. A, title II, Sec. 221(a)(14), Dec. 19, 2014, 128 Stat. 4010; Pub. L. 114-26, Sec. 2, June 29, 2015; Pub. L. 114-113, Div. Q, title III, Sec. 308(a).)
2015 - Subsec. (t)(10)(B)(ii). Pub. L. 114-113 Div. Q, Sec. 308(a), amended clause (ii) by substituting “any” for “or any” and by adding “‘, any nuclear materials courier described in section 8331(27) or 8401(33) of such title, any member of the United States Capitol Police, any member of the Supreme Court Police, or any diplomatic security special agent of the Department of State” before the period at the end.
Subsec. (t)(4)(A)(ii). Pub. L. 114-27, Sec. 2(c), amended clause (ii) by inserting “or a distribution to which paragraph (10) applies” after “other than by reason of death or disability”.
Subsec. (t)(10)(A). Pub. L. 114-27, Sec. 2(b), amended subpar. (A) by striking “which is a defined benefit plan” after “414(d)”.
Subsec. (t)(10)(B). Pub. L. 114-27, Sec. 2(a), amended subpar. (B) by substituting “, or” for the period at the end, by substituting “means—(i) any employee” for “means—any employee, and by adding clause (ii).
2014 - Subsec. (c)(4). Pub. L. 113-295, Div. A, Sec. 221(a)(14)(A), amended par. (4) by striking “; except that if such date was before January 1, 1954, then the annuity starting date is January 1, 1954”.
Subsec. (g)(3). Pub. L. 113-295, Div. A, Sec. 221(a)(14)(B), amended par. (3) by striking “January 1, 1954, or” and “, whichever is later”.
2012 - Subsec. (t)(2)(A). Pub. L. 112-141, Sec. 100121(c), amended subpar. (A) by striking “or” at the end of clause (vi), by substituting “, or” for the period at the end of clause (vii), and by adding clause (viii).
2010 - Subsec. (a). Pub. L. 111-240, Sec. 2113(a), amended subsec. (a). Before amendment, it read:
“(a) General Rule For Annuities.— Except as otherwise provided in this chapter, gross income includes any amount received as an annuity (whether for a period certain or during one or more lives) under an annuity, endowment, or life insurance contract.”
2008 - Subsec. (t)(2)(G)(iv). Pub. L. 110-458, Sec. 108(e), amended clause (iv) by inserting “on or” before “before” in the first sentence.
Subsec. (t)(2)(G)(iv). Pub. L. 110-245, Sec. 107(a), amended clause (iv) by striking “, and before December 31, 2007” after “September 11, 2001”.
2006 - Subsec. (e)(11)-(12). Pub. L. 109-280, Sec. 844(a), redesignated par. (11) as par. (12) and added par. (11).
Subsec. (t)(2)(G). Pub. L. 109-280, Sec. 827(a), added subpar. (G).
Subsec. (t)(10). Pub. L. 109-280, Sec. 828(a), added par. (10).
2004 - Subsec. (w). Pub. L. 108-357, Sec. 906(a), redesignated subsec. (w) as subsec. (x) and added subsec. (w).
Subsec. (f). Pub. L. 108-311, Sec. 408(a)(4), amended subsec. (f) by substituting “Economic Growth and Tax Relief Reconciliation Act of 2001)” for “Economic Growth and Tax Relief Reconciliation Act of 2001”.
Subsec. (t)(2)(D)(i)(III). Pub. L. 108-311, Sec. 207(6), amended subclause (III) by inserting “, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof” after “section 152”.
Subsec. (t)(7)(A)(iii). Pub. L. 108-311, Sec. 207(7), amended clause (iii) by substituting “152(f)(1)” for “151(c)(3)”.
2001 - Subsec. (r)(2)(B)(i). Pub. L. 107-90, Sec. 204(e)(2), amended clause (i) by substituting “3211(b)” for 3211(a)(2)”.
Subsec. (e)(9). Pub. 107-22, Sec. 1(b)(1)(A), amended par. (9) by substituting “a Coverdell education savings” for “an education individual retirement”.
Subsec. (e)(9). Pub. L. 107-22, Sec. 1(b)(3)(A), amended the heading of par. (9) by substituting “Coverdell education savings” for “education individual retirement”.
Subsec. (e)(9). Pub. L. 107-16, Sec. 402(a)(4)(A), amended par. (9) by substituting “qualified tuition” for “qualified State tuition”.
Subsec. (e)(9). Pub. L. 107-16, Sec. 402(a)(4)(B), amended the heading of par. (9) by substituting “qualified tuition" for “qualified State tuition”.
Subsec. (f). Pub. L. 107-16, Sec. 632(a)(3)(A), amended subsec. (f) by substituting “section 403(b)(2)(D)(iii), as in effect before the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001” for “section 403(b)(2)(D)(iii))”.
Subsec. (o)(4). Pub. L. 107-16, Sec. 641(e)(1), amended par. (4) by substituting “403(b)(8), 408(d)(3), and 457(e)(16)" for “and 408(d)(3)”.
Subsec. (t)(9). Pub. L. 107-16, Sec. 641(a)(2)(C), added par. (9).
1998 - Subsec. (e). Pub. L. 105-206, Sec. 6004(d)(3), amended subsec. (e) by adding par. (9).
Subsec. (n). Pub. L. 105-206, Sec. 6023(3), amended subsec. (n) by inserting “(as in effect on the day before the date of the enactment of the Small Business Job Protection Act of 1996)” after “section 101(b)(2)(D)”.
Subsec. (t)(2)(A). Pub. L. 105-206, Sec. 3436(a), amended subpar. (A) by striking “or” at the end of clauses (iv) and (v), by striking the period at the end of clause (vi) and inserting “, or”, and by adding clause (vii).
Subsec. (t)(3)(A). Pub. L. 105-206, Sec. 6023(4), 6023(4), amended subpar. (A) by substituting “(A)(v)” for “(A)(v),”.
Subsec. (t)(8)(E). Pub. L. 105-206, Sec. 6005(c)(1), amended subpar. (E) by substituting “120th day” for “120 days” and by substituting “60th day” for “60 days”.
1997 - Subsec. (d)(1)(B)(iii). Pub. L. 105-34, Sec. 1075(b), amended clause (iii) by adding the language after the heading and before the table, and by striking “primary” from the table.
Subsec. (d)(1)(B)(iv). Pub. L. 105-34, Sec. 1075(a), added clause (iv).
Subsec. (t)(2)(E). Pub. L. 105-34, Sec. 203(a), added subpar. (D).
Subsec. (t)(2)(F). Pub. L. 105-34, Sec. 303(a), added subpar. (E).
Subsec. (t)(7). Pub. L. 105-34, Sec. 203(b), added par. (7).
Subsec. (t)(8). Pub. L. 105-34, Sec. 303(b), added par. (8).
1996 - Subsec. (t)(3)(A). Pub. L. 104-191, Sec. 361(a), struck “(B)”.
Subsec. (t)(2)(D). Pub. L. 104-191, Sec. 361(b), added subpar. (D).
Subsec. (t)(2)(B). Pub. L. 104-191, Sec. 361(c), substituted “, (C), or (D)” for “or (C)”.
Subsec. (b)(4)(A). Pub. L. 104-188, Sec. 1704(l)(1), added “(determined without regard to subsection (c)(2))” after “contract”.
Subsec. (d). Pub. L. 104-188, Sec. 1403(a), amended subsec. (d) to read as above. Before amendment, subsec. (d) read as follows: “(d) Treatment of employee contributions under defined contribution plans as separate contracts.--For purposes of this section, employee contributions (and any income allocable thereto) under a defined contribution plan may be treated as a separate contract.”
Subsec. (f). Pub. L. 104-188, Sec. 1463(a), added “, or to the extent such credits are attributable to services performed as a foreign missionary (within the meaning of section 403(b)(2)(D)(iii))” at the end of the last sentence.
Subsec. (m)(2). Pub. L. 104-188, Sec. 1704(t)(2), amended subsec. (m)(2) by adding “and” at the end of subparagraph (A); struck subparagraph (B); and, redesignated subparagraph (C) as subparagraph (B). Before amendment, subparagraph (B) read as follows: “(B) the consideration for the contract contributed by the employee for purposes of subsection (d)(1) (relating to employee's contributions recoverable in 3 years) and subsection (e)(7) (relating to plans where substantially all contributions are employee contributions), and”.
Subsec. (p)(4)(A). Pub. L. 104-188, Sec. 1704(t)(77), amended clause (ii) of subsec. (p)(4)(A) to read as above. Before amendment, clause (ii) of subsec. (p)(4)(A) read as follows:
“(ii) Special rules.—The term “qualified employer plan"—
(I) shall include any plan which was (or was determined to be) a qualified employer plan or a government plan, but”
(II) shall not include a plan described in subsection (e)(7).”
Subsec. (t)(6). Pub. L. 104-188, Sec. 1421(b)(4)(A), added par. (6).
1991 - Subsec. (o)(4). Pub. L. 102-318, Section 521(b)(3) substituted “sections 402(c)” for “sections 402(a)(5), 402(a)(7)”.
1990 - Subsec. (t)(2)(C), (D). Pub. L. 101-508, Sec. 11802(a)(1), (2), redesignated subpar. (D) as (C) and struck out former subpar. (C) ‘Exceptions for distributions from employee stock ownership plans’ which read as follows: ‘Any distribution made before January 1, 1990, to an employee from an employee stock ownership plan (as defined in section 4975(e)(7)) or a tax credit employee stock ownership plan (as defined in section 409) if -
‘(i) such distribution is attributable to assets which have been invested in employer securities (within the meaning of section 409(l)) at all times during the 5-plan-year period preceding the plan year in which the distribution is made, and
‘(ii) at all times during such period the requirements of sections 401(a)(28) and 409 (as in effect at such times) are met with respect to such employer securities.”
Subsec. (t)(3)(A). Pub. L. 101-508, Sec. 11802(a)(3), substituted ‘and (C)’ for ‘(C), and (D)’.
1989 - Subsec. (e)(11)(A). Pub. L. 101-239, Sec. 7815(a)(3), (5), substituted ‘calendar year’ for ‘12-month period’ in cls. (i) and (ii), and inserted at end ‘The preceding sentence shall not apply to any contract described in paragraph (5)(D).’
Subsec. (q)(2)(B). Pub. L. 101-239, Sec. 7811(m)(4), inserted an additional closing parenthesis after ‘subsection (s)(6)(B))’.
1988 - Subsec. (d). Pub. L. 100-647, Sec. 1011A(b)(2)(A), added subsec. (d).
Subsec. (e)(4)(A). Pub. L. 100-647, Sec. 5012(d)(1), inserted at end ‘The preceding sentence shall not apply for purposes of determining investment in the contract, except that the investment in the contract shall be increased by any amount included in gross income by reason of the amount treated as received under the preceding sentence.’
Subsec. (e)(5)(C). Pub. L. 100-647, Sec. 5012(a)(2), substituted ‘Except as provided in paragraph (10) and except to the extent’ for ‘Except to the extent’.
Subsec. (e)(5)(D). Pub. L. 100-647, Sec. 1011A(b)(9)(B), substituted ‘paragraph (8)’ for ‘paragraphs (7) and (8)’.
Subsec. (e)(7). Pub. L. 100-647, Sec. 1011A(b)(9)(A), struck out par. (7) which related to special rules for plans where substantially all contributions are employee contributions.
Subsec. (e)(8)(A). Pub. L. 100-647, Sec. 1011A(b)(9)(C), struck out ‘(other than paragraph (7))’ after ‘this subsection’.
Subsec. (e)(9). Pub. L. 100-647, Sec. 1011A(b)(2)(B), struck out par. (9) which related to treatment of employee contributions as separate contract.
Subsec. (e)(10). Pub. L. 100-647, Sec. 5012(a)(1), added par. (10).
Subsec. (e)(11). Pub. L. 100-647, Sec. 5012(d)(2), added par. (11).
Subsec. (f). Pub. L. 100-647, Sec. 1011A(b)(1)(A), struck out ‘for purposes of subsections (d)(1) and (e)(7), the consideration for the contract contributed by the employee,’ after ‘contract,’ in introductory provisions.
Subsec. (n). Pub. L. 100-647, Sec. 1011A(b)(1)(B), substituted ‘Subsection (b)’ for ‘Subsections (b) and (d)’.
Subsec. (o)(2). Pub. L. 100-647, Sec. 1011A(c)(8), struck out par. (2) which related to additional tax if amount received before age 59 1/2.
Subsec. (p)(3)(A). Pub. L. 100-647, Sec. 1011A(h)(1), inserted ‘to which paragraph (1) does not apply by reason of paragraph (2) during the period’ after ‘loan’.
Subsec. (p)(3)(B). Pub. L. 100-647, Sec. 1011A(h)(2), substituted ‘Period’ for ‘Loans’ in heading and amended text generally. Prior to amendment, text read as follows: ‘For purposes of subparagraph (A), a loan is described in this subparagraph -
‘(i) if paragraph (1) does not apply to such loan by reason of paragraph (2), and
‘(I) such loan is made to a key employee (as defined in section 416(i)), or
‘(II) such loan is secured by amounts attributable to elective 401(k) or 403(b) deferrals (as defined in section 402(g)(3)).’
Subsec. (q)(2)(B). Pub. L. 100-647, Sec. 1018(t)(1)(B), substituted ‘subsection (s)(6)(B))’ for ‘subsection (s)(6)(B)))’.
Subsec. (q)(2)(D). Pub. L. 100-647, Sec. 1011A(c)(7), inserted ‘designated’ before ‘beneficiary’.
Pub. L. 100-647, Sec. 1011A(c)(4), 1018(u)(8), amended subpar. (D) identically, substituting a comma for period at end.
Subsec. (q)(2)(E). Pub. L. 100-647, Sec. 1011A(b)(9)(D), struck out ‘(determined without regard to subsection (e)(7))’ after ‘subsection (e)(5)(D)’.
Subsec. (q)(2)(G). Pub. L. 100-647, Sec. 1011A(c)(4), substituted a comma for period at end.
Subsec. (q)(2)(H). Pub. L. 100-647, Sec. 1011A(c)(6), added subpar. (H).
Subsec. (q)(3)(B). Pub. L. 100-647, Sec. 1011A(c)(5), substituted ‘taxpayer’ for ‘employee’ in cls. (i) and (ii).
Subsec. (s)(5). Pub. L. 100-647, Sec. 1018(k)(2), substituted ‘certain annuity contracts’ for ‘annuity contracts which are part of qualified plans’ in heading.
Subsec. (s)(5)(D). Pub. L. 100-647, Sec. 1018(k)(1), added subpar. (D).
Subsec. (s)(7). Pub. L. 100-647, Sec. 1018(t)(1)(A), substituted ‘primary annuitant’ for ‘primary annuity’.
Subsec. (t)(2)(A)(iv). Pub. L. 100-647, Sec. 1011A(c)(7), inserted ‘designated’ before ‘beneficiary’.
Subsec. (t)(2)(A)(v). Pub. L. 100-647, Sec. 1011A(c)(1), struck out ‘on account of early retirement under the plan’ after ‘separation from service’.
Subsec. (t)(2)(C). Pub. L. 100-647, Sec. 1011A(c)(2), substituted ‘Exceptions for distributions from employee stock ownership plans’ for ‘Certain plans’ in heading and amended text generally. Prior to amendment, text read as follows:
‘(i) In general. - Except as provided in clause (ii), any distribution made before January 1, 1990, to an employee from an employee stock ownership plan defined in section 4975(e)(7) to the extent that, on average, a majority of assets in the plan have been invested in employer securities (as defined in section 409(l)) for the 5-plan-year period preceding the plan year in which the distribution is made.
‘(ii) Benefits distributed must be invested in employer securities for 5 years. - Clause (i) shall not apply to any distribution which is attributable to assets which have not been invested in employer securities at all times during the period referred to in clause (i).’
Subsec. (t)(3)(A). Pub. L. 100-647, Sec. 1011A(c)(3), substituted ‘(C), and (D)’ for ‘and (C)’.
Subsec. (u)(1)(A). Pub. L. 100-647, Sec. 1011A(i)(1), inserted ‘(other than subchapter L)’ after ‘subtitle’.
Subsec. (u)(3)(D). Pub. L. 100-647, Sec. 1011A(i)(3), substituted ‘is purchased’ for ‘which is purchased’ and ‘is held’ for ‘which is held’.
Pub. L. 100-647, Sec. 1011A(i)(2), substituted ‘until all amounts under such contract are distributed to the employee for whom such contract was purchased or the employee's beneficiary' for ‘until such time as the employee separates from service’.
Subsec. (u)(3)(E). Pub. L. 100-647, Sec. 1011A(i)(3), substituted ‘is’ for ‘which is’.
Subsec. (u)(4)(C). Pub. L. 100-647, Sec. 1011A(i)(4), added subpar. (C).
Subsecs. (v), (w). Pub. L. 100-647, Sec. 5012(b)(1), added subsec. (v) and redesignated former subsec. (v) as (w).
1986 - Subsec. (b). Pub. L. 99-514, Sec. 1122(c)(2), amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: ‘Gross income does not include that part of any amount received as an annuity under an annuity, endowment, or life insurance contract which bears the same ratio to such amount as the investment in the contract (as of the annuity starting date) bears to the expected return under the contract (as of such date). This subsection shall not apply to any amount to which subsection (d)(1) (relating to certain employee annuities) applies.’
Subsec. (d). Pub. L. 99-514, Sec. 1122(c)(1), struck out subsec. (d) which related to employee's annuities where the employee's contributions were recoverable in 3 years.
Subsec. (e)(4)(C). Pub. L. 99-514, Sec. 1826(b)(3), added subpar. (C).
Subsec. (e)(5)(D). Pub. L. 99-514, Sec. 1122(c)(3)(B), substituted ‘paragraphs (7) and (8)’ for ‘paragraph (7)’ in introductory provisions.
Pub. L. 99-514, Sec. 1854(b)(1), inserted closing provisions which read as follows: ‘Any dividend described in section 404(k) which is received by a participant or beneficiary shall, for purposes of this subparagraph, be treated as paid under a separate contract to which clause (ii)(I) applies.’
Subsec. (e)(7)(B). Pub. L. 99-514, Sec. 1852(c)(1), in introductory provisions substituted ‘any plan or contract’ for ‘any trust or contract’, in cl. (ii) substituted ‘85 percent or more of’ for ‘85 percent of’, and inserted closing provision: ‘For purposes of clause (ii), deductible employee contributions (as defined in subsection (o)(5)(A)) shall not be taken into account.’
Subsec. (e)(8), (9). Pub. L. 99-514, Sec. 1122(c)(3)(A), added pars. (8) and (9).
Subsec. (f). Pub. L. 99-514, Sec. 1852(c)(3), in introductory provisions, substituted ‘subsections (d)(1) and (e)(7)’ for ‘subsection (d)(1)’ and ‘subsection (e)(6)’ for ‘subsection (e)(1)(B)’.
Subsec. (m)(2)(B). Pub. L. 99-514, Sec. 1852(c)(4)(A), inserted ‘and subsection (e)(7) (relating to plans where substantially all contributions are employee contributions)’.
Subsec. (m)(2)(C). Pub. L. 99-514, Sec. 1852(c)(4)(B), substituted ‘subsection (e)(6)’ for ‘subsection (e)(1)(B)’.
Subsec. (m)(5). Pub. L. 99-514, Sec. 1852(a)(2)(C), which directed that par. (5) be amended by substituting ‘5-percent owners’ for ‘owner-employees’ in heading, was executed by substituting ‘5-percent owners’ for ‘key employees’, to reflect the probable intent of Congress and intervening amendment by section 713(c)(1)(B) of Pub. L. 98-369.
Subsec. (m)(5)(A). Pub. L. 99-514, Sec. 1123(d)(1), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: ‘This subparagraph shall apply -
‘(i) to amounts which -
‘(I) are received from a qualified trust described in section 401(a) or under a plan described in section 403(a), and
‘(II) are received by a 5-percent owner before such owner attains the age of 59 1/2 years, for any reason other than such owner becoming disabled (within the meaning of paragraph (7) of this section), and
‘(ii) to amounts which are received from a qualified trust described in section 401(a) or under a plan described in section 403(a) at any time by a 5-percent owner, or by the successor of such owner, but only to the extent that such amounts are determined (under regulations prescribed by the Secretary) to exceed the benefits provided for such individual under the plan formula.
Clause (i) shall not apply to any amount received by an individual in his capacity as a policyholder of an annuity, endowment, or life insurance contract which is in the nature of a dividend or similar distribution and clause (i) shall not apply to amounts attributable to benefits accrued before January 1, 1985.'
Pub. L. 99-514, Sec. 1852(a)(2)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: ‘This paragraph shall apply -
‘(i) to amounts (other than any amount received by an individual in his capacity as a policyholder of an annuity, endowment, or life insurance contract which is in the nature of a dividend or similar distribution) which are received from a qualified trust described in section 401(a) or under a plan described in section 403(a) and which are received by an individual, who is, or has been, a 5-percent owner, before such individual attains the age of 59 1/2 years, for any reason other than the individual's becoming disabled (within the meaning of paragraph (7) of this subsection), but only to the extent that such amounts are attributable to contributions paid on behalf of such individual (other than contributions made by him as a 5-percent owner) while he was a 5-percent owner, and
‘(ii) to amounts which are received from a qualified trust described in section 401(a) or under a plan described in section 403(a) at any time by an individual who is, or has been, a 5-percent owner or by the successor of such individual, but only to the extent that such amounts are determined, under regulations prescribed by the Secretary, to exceed the benefits provided for such individual under the plan formula.’
Subsec. (m)(5)(C). Pub. L. 99-514, Sec. 1852(a)(2)(B), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: ‘For purposes of this paragraph, the term ‘5 percent owner’ have the same meanings as when used in section 416.'
Subsec. (m)(10). Pub. L. 99-514, Sec. 1898(c)(1)(B), inserted ‘who is the spouse or former spouse of the participant’.
Subsec. (o)(5). Pub. L. 99-514, Sec. 1101(b)(2)(C), inserted ‘and made for a taxable year beginning before January 1, 1987,’ in subpar. (A), substituted ‘subsection (p)(3)(A)(i)’ for ‘section 219(e)(3)’ in subpar. (C), and substituted ‘subsection (p)(3)(B)’ for ‘section 219(e)(4)’ in subpar. (D).
Subsec. (p)(2)(A)(i). Pub. L. 99-514, Sec. 1134(a), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: ‘$50,000, or’.
Subsec. (p)(2)(B)(ii). Pub. L. 99-514, Sec. 1134(d), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: ‘Clause (i) shall not apply to any loan used to acquire, construct, reconstruct, or substantially rehabilitate any dwelling unit which within a reasonable time is to be used (determined at the time the loan is made) as a principal residence of the participant or a member of the family (within the meaning of section 267(c)(4)) of the participant.’
Subsec. (p)(2)(C), (D). Pub. L. 99-514, Sec. 1134(b), added subpar. (C) and redesignated former subpar. (C) as (D).
Subsec. (p)(3). Pub. L. 99-514, Sec. 1134(c), added par. (3) and redesignated former par. (3) as (4).
Pub. L. 99-514, Sec. 1101(b)(2)(B), amended par. (3) generally. Prior to amendment, par. (3) read as follows: ‘For purposes of this subsection, the term ‘qualified employer plan’ means any plan which was (or was determined to be) a qualified employer plan (as defined in section 219(e)(3) other than a plan described in subsection (e)(7)). For purposes of this subsection, such term includes any government plan (as defined in section 219(e)(4)).'
Subsec. (p)(4), (5). Pub. L. 99-514, Sec. 1134(c), redesignated former pars. (3) and (4) as (4) and 5, respectively.
Subsec. (q). Pub. L. 99-514, Sec. 1123(b)(1)(B), substituted ‘10-percent’ for ‘5-percent’ in heading.
Subsec. (q)(1). Pub. L. 99-514, Sec. 1123(b)(1)(A), substituted ‘10 percent’ for ‘5 percent’.
Subsec. (q)(2). Pub. L. 99-514, Sec. 1123(b)(3), substituted ‘Paragraph (1)’ for ‘This subsection’ in introductory provisions.
Subsec. (q)(2)(B). Pub. L. 99-514, Sec. 1826(c), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: ‘made to a beneficiary (or to the estate of an annuitant) on or after the death of an annuitant,’.
Subsec. (q)(2)(D). Pub. L. 99-514, Sec. 1123(b)(2), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: ‘which is one of a series of substantially equal periodic payments made for the life of a taxpayer or over a period extending for at least 60 months after the annuity starting date,’.
Subsec. (q)(2)(E). Pub. L. 99-514, Sec. 1852(c)(2), inserted ‘(determined without regard to subsection (e)(7))’.
Subsec. (q)(2)(G). Pub. L. 99-514, Sec. 1826(d), added subpar. (C).
Subsec. (q)(2)(I), (J). Pub. L. 99-514, Sec. 1123(b)(4), which added subpars. (I) and (J) directed the amendment of subpar. (G) by striking out ‘or’ at the end thereof, and of subpar. (H) by striking out the period at the end thereof, could not be executed to subpars. (G) and (H) because subpar. (G) does not contain ‘or’, and no subpar. (H) was enacted.
Subsec. (q)(3). Pub. L. 99-514, Sec. 1123(b)(3), added par. (3).
Subsec. (s)(1). Pub. L. 99-514, Sec. 1826(b)(2), substituted ‘any holder of such contract’ for ‘the holder of such contract’ in subpars. (A) and (B).
Subsec. (s)(5). Pub. L. 99-514, Sec. 1826(a), added par. (5).
Subsec. (s)(6), (7). Pub. L. 99-514, Sec. 1826(b)(1), added pars. (6) and (7).
Subsec. (t). Pub. L. 99-514, Sec. 1123(a), added subsec. (t) and redesignated former subsec. (t) as (u).
Subsecs. (u), (v). Pub. L. 99-514, Sec. 1135(a), added subsec. (u) and redesignated former subsec. (u) as (v).
1984 - Subsec. (e)(5)(D). Pub. L. 98-369, Sec. 523(b)(1), substituted ‘Except as provided in paragraph (7), this’ for ‘This’.
Subsec. (e)(5)(D)(ii)(IV). Pub. L. 98-369, Sec. 211(b)(1), which directed substitution of ‘section 818(a)(3)’ for ‘805(d)(3)’ in subpar. (D)(i)(IV), was executed to subpar. (D)(ii)(IV) to reflect the probable intent of Congress.
Subsec. (e)(7). Pub. L. 98-369, Sec. 523(a), added par. (7).
Subsec. (k). Pub. L. 98-369, Sec. 421(b)(1), repealed subsec. (k) relating to payments in discharge of alimony.
Subsec. (m)(5). Pub. L. 98-369, Sec. 713(c)(1)(B), substituted ‘key employees’ for ‘owner-employees’ in heading.
Subsec. (m)(5)(A). Pub. L. 98-369, Sec. 521(d)(1), (2), substituted ‘5-percent owner’ for ‘key employee’ wherever appearing and struck out ‘in a top-heavy plan’ at end of cl. (i).
Pub. L. 98-369, Sec. 713(c)(1)(A), substituted ‘as a key employee’ for ‘as an owner-employee’ in cl. (i).
Subsec. (m)(5)(C). Pub. L. 98-369, Sec. 521(d)(3), substituted ‘the term ‘5 percent owner’ ‘ for ‘the terms ‘key employee’ and ‘top-heavy plan’ ‘.
Subsec. (m)(9). Pub. L. 98-369, Sec. 713(d)(1), repealed par. (9) relating to return of excess contributions before due date of return.
Subsec. (m)(10). Pub. L. 98-397, Sec. 204(c)(2), added par. (10).
Subsec. (o)(1). Pub. L. 98-369, Sec. 491(d)(3), substituted ‘402 and 403’ for ‘402, 403, and 405’.
Subsec. (o)(3)(A). Pub. L. 98-369, Sec. 713(b)(1)(A), inserted ‘(other than the exception contained in paragraph (2) thereof)’.
Subsec. (o)(4). Pub. L. 98-369, Sec. 491(d)(4), substituted ‘and 408(d)(3)’ for ‘408(d)(3), and 409(b)(3)(C)’.
Subsec. (p)(2)(A). Pub. L. 98-369, Sec. 713(b)(1)(B), inserted at end ‘For purposes of clause (ii), the present value of the nonforfeitable accrued benefit shall be determined without regard to any accumulated deductible employee contributions (as defined in subsection (o)(5)(B)).’
Subsec. (p)(2)(A)(ii). Pub. L. 98-369, Sec. 713(b)(4), substituted as cl. (ii) ‘the greater of (I) one-half of the present value of the nonforfeitable accrued benefit of the employee under the plan, or (II) $10,000’ for ‘ 1/2 of the present value of the nonforfeitable accrued benefit of the employee under the plan (but not less than $10,000)’.
Subsec. (p)(3). Pub. L. 98-369, Sec. 523(b)(2), inserted ‘other than a plan described in subsection (e)(7)’.
Subsec. (q)(1). Pub. L. 98-369, Sec. 222(a), amended par. (1) generally, striking out designation ‘(A) In general. - ‘ preceding text, substituting ‘which is includible in gross income’ for ‘includible in gross income which is properly allocable to any investment in the annuity contract made during the 10-year period ending on the date such amount was received by the taxpayer’, and striking out former subpar. (B), which had provided that for purposes of subpar. (A), the amount includible in gross income would be allocated to the earliest investment in the contract with respect to which amounts had not been previously fully allocated under this par.
Subsecs. (s), (t). Pub. L. 98-369, Sec. 222(b), added subsec. (s) and redesignated former subsec. (s) as (t).
1983 - Subsec. (o)(2)(A). Pub. L. 97-448, Sec. 103(c)(6), struck out ‘to which the employee made one or more deductible employee contributions’ after ‘from a qualified employer plan or government plan’.
Subsec. (p)(3). Pub. L. 97-448, Sec. 103(c)(3)(B)(i), struck out ‘without regard to subparagraph (D) thereof’ after ‘as defined in section 219(e)(3)’.
Pub. L. 97-448, Sec. 103(d)(3), amended paragraph (1) of sec. 312(f) of Pub. L. 97-34, struck out “plans which include employees within the meaning of section 401(c)(1) with respect to”.
Pub. L. 97-448, Sec. 306(a)(11), added paragraph (3) to sec. 236(c) of Pub. L. 97-248.
Subsecs. (r), (s). Pub. L. 98-76 added subsec. (r) and redesignated former subsec. (r) as (s).
1982 - Subsec. (e). Pub. L. 97-248, Sec. 265(a), in par. (1) substituted provisions relating to the application of this subsection to amounts received under annuity, endowment, or life insurance contracts which are not received as annuities and to amounts received as dividends for provisions which stated a general rule relating to the includability as gross income of amounts that were received under annuity, endowment, or life insurance contracts which were not received as annuities and also stated that for the purposes of this section amounts which were received as dividends would be treated as amounts not received as an annuity, in par. (2) substituted provisions stating a general rule as to the includability as gross income of amounts received before or after the annuity starting date for provisions which set out those amounts which would be treated as amounts not received as an annuity, and added pars. (3) to (6).
Subsec. (m)(4). Pub. L. 97-248, Sec. 236(b)(1), struck out par. (4) which related to amounts constructively received with respect to assignments or pledges, and loans on contracts.
Subsec. (m)(5). Pub. L. 97-248, Sec. 237(d)(1), (2), in subpar. (A) substituted applicability to key employees for applicability to owner-employees and added subpar. (C).
Subsec. (m)(6). Pub. L. 97-248, Sec. 237(d)(3), struck out ‘except in applying paragraph (5),’ after ‘shall’.
Subsec. (m)(8). Pub. L. 97-248, Sec. 236(b)(1), struck out par. (8) which related to loans to owner-employees.
Subsec. (o)(3)(A). Pub. L. 97-248, Sec. 236(b)(2), substituted reference to subsec. (p) of this section for references to subsec. (m)(4) and (8) of this section.
Subsec. (p). Pub. L. 97-248, Sec. 236(a), added subsec. (p). Former subsec. (p) redesignated (q).
Subsec. (q). Pub. L. 97-248, Sec. 265(b)(1), added subsec. (q). Former subsec. (q) redesignated (r).
Pub. L. 97-248, Sec. 236(a), redesignated former subsec. (p) as (q).
Subsec. (r). Pub. L. 97-248, Sec. 236(a), 265(b)(1), redesignated former subsec. (p) as (r).
1981 - Subsec. (m)(6). Pub. L. 97-34, Sec. 312(d)(1), expanded definition of ‘owner-employee’ to include an employee within the meaning of section 401(c)(1) except in applying paragraph (5).
Subsec. (m)(8). Pub. L. 97-34, Sec. 312(d)(2), added par. (8).
Subsec. (m)(9). Pub. L. 97-34, Sec. 312(e)(1), added par. (9).
Subsecs. (o), (p). Pub. L. 97-34, Sec. 311(b)(1), added subsec. (o) and redesignated former subsec. (o) as (p).
1976 - Subsec. (c)(2), (3)(A). Pub. L. 94-455, Sec. 1906(b)(13)(A), struck out ‘or his delegate’ after ‘Secretary’.
Subsec. (d)(1). Pub. L. 94-455, Sec. 1901(a)(12), struck out in subpar. (B) ‘(whether or not before January 1, 1954)’ after ‘beginning on the date’, and in provisions following subpar. (B) struck out ‘(under this paragraph and prior income tax laws)’ after ‘until there has been so excluded’.
Subsec. (i). Pub. L. 94-455, Sec. 1951(b)(1)(A), struck out subsec. (i) which related to joint annuities where first annuitant died in 1951, 1952, or 1953.
Subsec. (m)(2), (3). Pub. L. 94-455, Sec. 1906(b)(13)(A), struck out ‘or his delegate’ after ‘Secretary’.
Subsec. (m)(4)(A). Pub. L. 94-455, Sec. 1901(a)(13), substituted ‘an individual retirement account’ for ‘an individual retirement amount’.
Subsec. (m)(5)(A)(ii), (7). Pub. L. 94-455, Sec. 1906(b)(13)(A), struck out ‘or his delegate’ after ‘Secretary’.
1974 - Subsec. (m)(1). Pub. L. 93-406, Sec. 2001(h)(2), struck out par. (1) which related to certain amounts received before annuity starting date.
Subsec. (m)(4)(A). Pub. L. 93-406, Sec. 2002(g)(10)(A), inserted references to an individual retirement amount described in section 408(a) and an individual retirement annuity described in section 408(b).
Subsec. (m)(5)(A). Pub. L. 93-406, Sec. 2001(e)(5), (h)(3), substituted ‘(other than contributions made by him as an owner-employee)’ for ‘(whether or not paid by him)’ in cl. (i), and struck out cl. (iii) which had made reference to amounts which were received, by an individual who was or had been, an owner-employee, by reason of the distribution under the provisions of section 401(e)(2)(E) of his entire interest in all qualified trusts described in section 401(a) and in all plans described in section 403(a).
Subsec. (m)(5)(B). Pub. L. 93-406, Sec. 2001(g)(1), substituted provisions that if a person receives an amount to which subsec. (m)(5) applies, his tax under this chapter for the taxable year in which such amount is received shall be increased by an amount equal to 10 percent of the portion of the amount so received which is includible in his gross income for such taxable year for provisions that if the aggregate amounts to which subsec. (m)(5) applied received by any person in his taxable year equalled or exceeded $2,500, the increase in his tax for the taxable year in which such amounts were received and attributable to such amounts could not be less than 110 percent of the aggregate increase in taxes, for the taxable year and the 4 immediately preceding taxable years, which would have resulted if such amounts had been included in such person's gross income ratably over such taxable years, with provision for alternate computation if deductions had been allowed under section 404 for contributions paid for a number of prior taxable years less than 4.
Subsec. (m)(5)(C) to (E). Pub. L. 93-406, Sec. 2001(g)(2)(A), struck out subpars. (C) to (E) which contained special rules for the application of subsec. (m)(5).
Subsec. (m)(6). Pub. L. 93-406, Sec. 2002(g)(10)(B), inserted reference to an individual for whose benefit an individual retirement account or annuity described in section 408(a) or (b) is maintained.
Subsec. (n). Pub. L. 93-406, Sec. 2005(c)(3), 2007(b)(2), redesignated former subsec. (o) as (n) and in heading of subsec. (n) as so redesignated inserted reference to survivor benefit plan. Former subsec. (n), which set out provisions covering the treatment to be accorded total distributions, was struck out.
Subsec. (o). Pub. L. 93-406, Sec. 2005(c)(3), redesignated former subsec. (p) as (o). Former subsec. (o) redesignated (n) and amended.
Subsec. (p). Pub. L. 93-406, Sec. 2005(c)(3), redesignated subsec. (p) as (o).
1969 - Subsec. (n)(1). Pub. L. 91-172, Sec. 515(b)(1), altered section to accommodate the insertion into sections 402 and 403 of provisions under which employer contributions to qualified pension, profit sharing, stock bonus, and annuity plans for plan years beginning after 1969 are to be treated as ordinary income when received in a lump sum distribution, but with such amounts to be eligible for a special averaging procedure.
Subsec. (n)(4). Pub. L. 91-172, Sec. 515(b)(2), added par. (4).
1966 - Subsecs. (o), (p). Pub. L. 89-365 added subsec. (o) and redesignated former subsec. (o) as (p).
1965 - Subsec. (m)(5)(A)(i). Pub. L. 89-97, Sec. 106(d)(2)(A), substituted ‘paragraph (7) of this subsection’ for ‘section 213(g)(3)’.
Subsec. (m)(7). Pub. L. 89-97, Sec. 106(d)(2)(B), added par. (7).
Subsec. (n)(1). Pub. L. 89-97, Sec. 106(d)(2)(C), substituted in subpars. (A)(iii) and (B)(iii) ‘subsection (m)(7)’ for ‘section 213(g)(3)’.
Subsec. (n)(3). Pub. L. 89-44, Sec. 809(d)(2), substituted ‘sections 31 and 39’ for ‘section 31’ in sentence following subpar. (B).
1964 - Subsec. (e)(3). Pub. L. 88-272, Sec. 232(b), struck out par. (3) which provided for a limit on the tax attributable to the receipt of a lump sum.
1962 - Pub. L. 87-792, Sec. 4, redesignated sec. (p) to (o).
Subsec. (d)(2). Pub. L. 87-792, Sec. 4(a), designated existing provisions as cl. (A) and added cl. (B).
Subsec. (f). Pub. L. 87-834, Sec. 11(b), inserted sentence providing that par. (2) shall not apply to amounts which were contributed by the employer after Dec. 31, 1962, and which would not have been includible in the gross income of the employee by reason of the application of Section 911 if such amounts had been paid directly to the employee at the time of contribution, and making such sentence inapplicable to amounts which were contributed by the employer, as determined under regulations, to provide pension or annuity credits, to the extent such credits are attributable to services performed before Jan. 1, 1963, and are provided pursuant to pension or annuity plan provisions in existence on Mar. 12, 1962, and on that date applicable to such services.
Subsecs. (m) to (o). Pub. L. 87-792, Sec. 4(b), added subsecs. (m) and (n) and redesignated former subsec. (m) as (o).
Amendments by Pub. L. 114-113 Div. Q, Sec. 308(a), effective for distributions after December 31, 2015.
Amendments by Pub. L. 114-27, Sec. 2, effective for distributions after December 31, 2015.
Amendments by Pub. L. 113-295, Div. A, Sec. 221(a)(14), effective on the date of the enactment of this Act [Enacted: Dec. 19, 2014].
Amendment by Sec. 100121(c) of Pub. L. 112-141 effective on the date of the enactment of this Act [Enacted: July 6, 2012].
Amendment by Sec. 2113(a) of Pub. L. 111-240 effective for amounts received in taxable years beginning after December 31, 2010.
Amendment by Sec. 108(e) of Pub. L. 110-458 effective as if included in the provisions of the Pension Protection Act of 2006 [Pub. L. 109-280, Sec. 827] to which it relates.
Amendment by Sec. 107(a) of Pub. L. 110-245 effective for individuals ordered or called to active duty on or after December 31, 2007.
Amendment by Sec. 827(a) of Pub. L. 109-280 applicable to distributions after September 11, 2001. Sec. 827(c)(2) of Pub. L. 109-280 provided the following special rule:
“(2) WAIVER OF LIMITATIONS- If refund or credit of any overpayment of tax resulting from the amendments made by this section is prevented at any time before the close of the 1-year period beginning on the date of the enactment of this Act by the operation of any law or rule of law (including res judicata), such refund or credit may nevertheless be made or allowed if claim therefor is filed before the close of such period.”
Amendment by Sec. 828(a) of Pub. L. 109-280 applicable to distributions after the date of the enactment of this Act [Enacted: Aug. 17, 2006].
Amendments by Sec. 844(a) of Pub. L. 109-280 applicable to contracts issued after December 31, 1996, but only with respect to taxable years beginning after December 31, 2009.
Amendments by Sec. 906(a) of Pub. L. 108-357 applicable to distributions on or after the date of the enactment of this Act [Enacted: Oct. 22, 2004].
Amendments by Sec. 207 of Pub. L. 108-311 applicable to taxable years beginning after December 31, 2004.
Amendment by Sec. 408(a)(4) of Pub. L. 108-311 applicable on the date of the enactment of this Act [Enacted: Oct. 4, 2004].
Amendment by Sec. 204(e)(1) of Pub. L. 107-90 applicable to calendar years beginning after December 31, 2001.
Amendments by Sec. 1 of Pub. L. 107-22 applicable on the enactment date of this Act [Enacted: July 26, 2001].
Amendments by Sec. 402(a) of Pub. L. 107-16 applicable to taxable years beginning after December 31, 2001.
Section 901 (Sunset of Provisions of Act) of Pub. L. 107-16, as amended by Pub. L. 107-358 and Pub. L. 111-312, Sec. 101(a), provided that:
Amendments by Sec. 3436(a) of Pub. L. 105-206 applicable distributions after December 31, 1999.
Amendment by Sec. 6004(d)(3)(B) of Pub. L. 105-206 applicable as if included in the provisions of the Taxpayer Relief Act of 1997 to which it relates [Effective Date of Pub. L. 105-34, Sec. 213: Taxable years beginning after December 31, 1997].
Amendment by Sec. 6005(c)(1) of Pub. L. 105-206 applicable as if included in the provisions of the Taxpayer Relief Act of 1997 to which it relates [Effective Date of Pub. L. 105-34, Sec. 303: Payments and distributions in taxable years beginning after December 31, 1997].
Amendments by Sec. 203 of Pub. L. 105-34 applicable to distributions after December 31, 1997, with respect to expenses paid after such date (in taxable years ending after such date), for education furnished in academic periods beginning after such date.
Amendments by Sec. 303 of Pub. L. 105-34 applicable to payments and distributions in taxable years beginning after December 31, 1997.
Amendments by Sec. 1075 of Pub. L. 105-34 applicable with respect to annuity starting dates beginning after December 31, 1997.
Amendment by Pub. L. 104-191, Sec. 361, effective for distributions after December 31, 1996.
Sec. 1403 of Pub. L. 104-188, provided that: “The amendment made by this section shall apply in cases where the annuity starting date is after the 90th day after the date of the enactment of this Act [August 20, 1996].”
Sec. 1421 of Pub. L. 104-188 provided that: “The amendments made by this section shall apply to taxable years beginning after December 31, 1996.”
Sec. 1463(b) of Pub. L. 104-188 provided that: “The amendment made by this section shall apply to taxable years beginning after December 31, 1996.”
Amendment by Section 521(b)(3) of Pub. L. 102-318, applicable to distributions after December 31, 1992.
Amendment by sections 1011A(b)(1)(A), (B), (2), (9), (c)(1)-(8), (h), (i), and 1018(k), (t)(1)(A), (B), and (u)(8) of Pub. L. 100-647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99-514, to which such amendment relates, see section 1019(a) of Pub. L. 100-647, set out as a note under section 1 of this title.
Amendment by section 5012(a), (b)(1), (d) of Pub. L. 100-647 applicable to contracts entered into on or after June 21, 1988, with special rule where death benefit increases by more than $150,000, certain other material changes taken into account, certain exchanges permitted, and special rule in the case of annuity contracts, see section 5012(e) of Pub. L. 100-647, set out as an Effective Date note under section 7702A of this title.
Section 1101(c) of Pub. L. 99-514 provided that: ‘The amendments made by this section (amending this section and section 219 of this title) shall apply to contributions for taxable years beginning after December 31, 1986.’
Amendment by section 1122(c)(1) of Pub. L. 99-514 applicable to individuals whose annuity starting date is after July 1, 1986, amendment by section 1122(c)(2) of Pub. L. 99-514 applicable to individuals whose annuity starting date is after Dec. 31, 1986, and amendment by section 1122(c)(3) of Pub. L. 99-514 applicable to amounts received after July 1, 1986, in the case of any plan not described in section 72(e)(8)(D) of this title, see section 1122(h)(2) of Pub. L. 99-514, set out as a note under section 402 of this title.
Section 1123(e) of Pub. L. 99-514, as amended by Pub. L. 100-647, title I, Sec. 1011A(c)(11), (12), Nov. 10, 1988, 102 Stat. 3476, provided that:
‘(1) In general. - Except as otherwise provided in this subsection, the amendments made by this section (amending this section and sections 403 and 408 of this title) shall apply to taxable years beginning after December 31, 1986.
‘(2) Subsection (c). - The amendments made by subsection (c) (amending section 403 of this title) shall apply to years beginning after December 31, 1988, but only with respect to distributions from contracts described in section 403(b) of the Internal Revenue Code of 1986 which are attributable to assets other than assets held as of the close of the last year beginning before January 1, 1989.
‘(3) Exception where distribution commences. - The amendments made by this section shall not apply to distributions to any employee from a plan maintained by any employer if -
‘(A) as of March 1, 1986, the employee separated from service with the employer,
‘(B) as of March 1, 1986, the accrued benefit of the employee was in pay status pursuant to a written election providing a specific schedule for the distribution of the entire accrued benefit of the employee, and
‘(C) such distribution is made pursuant to such written election.
‘(4) Transition rule. - The amendments made by this section shall not apply with respect to any benefits with respect to which a designation is in effect under section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act of 1982 (section 242(b)(2) of Pub. L. 97-248, formerly set out as an Effective Date of 1982 Amendment note under section 401 of this title).
‘(5) Special rule for distributions under an annuity contract. - The amendments made by paragraphs (1), (2), and (3) of subsection (b) (amending this section) shall not apply to any distribution under an annuity contract if -
‘(A) as of March 1, 1986, payments were being made under such contract pursuant to a written election providing a specific schedule for the distribution of the taxpayer's interest in such contract, and
‘(B) such distribution is made pursuant to such written election.’
Section 1134(e) of Pub. L. 99-514 provided that: ‘The amendments made by this section (amending this section) shall apply to loans made, renewed, renegotiated, modified, or extended after December 31, 1986.’
Section 1135(b) of Pub. L. 99-514 provided that: ‘The amendment made by subsection (a) (amending this section) shall apply to contributions to annuity contracts after February 28, 1986.’
Amendment by sections 1826(a), (d), 1852(a)(2), (c)(1)-(4), and 1854(b)(1) of Pub. L. 99-514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Pub. L. 98-369, div. A, to which such amendment relates, see section 1881 of Pub. L. 99-514, set out as a note under section 48 of this title.
Section 1826(b)(4) of Pub. L. 99-514 provided that: ‘The amendments made by this subsection (amending this section) shall apply to contracts issued after the date which is 6 months after the date of the enactment of this Act (Oct. 22, 1986) in taxable years ending after such date.’
Section 1826(c) of Pub. L. 99-514, as amended by Pub. L. 100-647, title I, Sec. 1018(t)(1)(D), Nov. 10, 1988, 102 Stat. 3587, provided that the amendment made by section 1826(c) of Pub. L. 99-514 is effective with respect to distributions commencing after the date 6 months after Oct. 22, 1986.
Section 1854(b)(6) of Pub. L. 99-514 provided that: ‘The amendments made by paragraphs (1) and (2) (amending this section and section 404 of this title) shall not apply to dividends paid before January 1, 1986, if the taxpayer treated such dividends in a manner inconsistent with such amendments on a return filed with the Secretary before the date of the enactment of this Act (Oct. 22, 1986).’
Section 1898(c)(1)(C) of Pub. L. 99-514 provided that: ‘The amendments made by this paragraph (amending this section and section 402 of this title) shall apply to payments made after the date of the enactment of this Act (Oct. 22, 1986).’
Amendment by Pub. L. 98-397 effective Jan. 1, 1985, except as otherwise provided, see section 303(d) of Pub. L. 98-397, set out as a note under section 1001 of Title 29, Labor.
Amendment by section 211(b)(1) of Pub. L. 98-369 applicable to taxable years beginning after Dec. 31, 1983, see section 215 of Pub. L. 98-369, set out as an Effective Date note under section 801 of this title.
Section 222(c) of Pub. L. 98-369, as amended by Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided:
‘(1) In general. - The amendments made by this section (amending this section) shall apply to contracts issued after the day which is 6 months after the date of the enactment of this Act (July 18, 1984) in taxable years ending after such date.
‘(2) Transitional rules for contracts issued before effective date. - In the case of any contract (other than a single premium contract) which is issued on or before the day which is 6 months after the date of the enactment of this Act, for purposes of section 72(q)(1)(A) of the Internal Revenue Code of 1986 (formerly I.R.C. 1954 ) (as in effect on the day before the date of the enactment of this Act), any investment in such contract which is made during any calendar year shall be treated as having been made on January 1 of such calendar year.'
Amendment by section 421(b)(1) of Pub. L. 98-369 applicable to transfers after July 18, 1984, in taxable years ending after such date, subject to election to have repeal apply to transfers after 1983 or to transfers pursuant to existing decrees, see section 421(d) of Pub. L. 98-369, set out as an Effective Date note under section 1041 of this title.
Amendment by section 491(d)(3), (4) of Pub. L. 98-369 applicable to obligations issued after Dec. 31, 1983, see section 491(f)(1) of Pub. L. 98-369, set out as a note under section 62 of this title.
Amendment by section 521(d) of Pub. L. 98-369 applicable to years beginning after Dec. 31, 1984, see section 521(e) of Pub. L. 98-369, set out as a note under section 401 of this title.
Section 523(c) of Pub. L. 98-369 provided that: ‘The amendments made by this section (amending this section) shall apply to any amount received or loan made after the 90th day after the date of enactment of this Act (July 18, 1984).’
Amendment by section 713(b)(1), (4), (c)(1)(A), (B) of Pub. L. 98-369 effective as if included in the provision of the Tax Equity and Fiscal Responsibility Act of 1982, Pub. L. 97-248, to which such amendment relates, see section 715 of Pub. L. 98-369, set out as a note under section 31 of this title.
Section 713(d)(1) of Pub. L. 98-369, as amended by Pub. L. 99-514, title XVIII, Sec. 1875(c)(5), Oct. 22, 1986, 100 Stat. 2895, provided that the amendment made by section 713(d)(1) of Pub. L. 98-369 is effective with respect to contributions made in taxable years beginning after Dec. 31, 1983.
Section 227(b) of Pub. L. 98-76, as amended by Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
‘(1) In general. - Except as provided in paragraph (2), the amendments made by section 224 (enacting section 6050G of this title, amending this section and section 86 of this title, and enacting provisions set out as a note under section 231n of Title 45, Railroads) shall apply to benefits received after December 31, 1983, in taxable years ending after such date.
‘(2) Treatment of certain lump-sum payments received after december 31, 1983. - The amendments made by section 224 shall not apply to any portion of a lump-sum payment received after December 31, 1983, if the generally applicable payment date for such portion was before January 1, 1984.
‘(3) No fresh start. - For purposes of determining whether any benefit received after December 31, 1983, is includible in gross income by reason of section 72(r) of the Internal Revenue Code of 1986 (formerly I.R.C. 1954 ), as added by this Act, the amendments made by section 224 be treated as having been in effect during all periods before 1984.'
Section 103(c)(3)(B)(ii) of Pub. L. 97-448 provided that: ‘The amendment made by clause (i) (amending this section) shall take effect as if the matter struck out had never been included in such paragraph.’
Section 236(c) of Pub. L. 97-248, as amended by Pub. L. 97-448, title III, Sec. 306(a)(11), Jan. 12, 1983, 96 Stat. 2404; Pub. L. 98-369, div. A, title V, Sec. 554, title VII, Sec. 713(b)(2), July 18, 1984, 98 Stat. 897, 957; Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
‘(1) In general. - The amendments made by this section (amending this section) shall apply to loans, assignments, and pledges made after August 13, 1982. For purposes of the preceding sentence, the outstanding balance of any loan which is renegotiated, extended, renewed, or revised after such date shall be treated as an amount received as a loan on the date of such renegotiation, extension, renewal, or revision.
‘(2) Exception for certain loans used to repay outstanding obligations. -
‘(A) In general. - Any qualified refunding loan shall not be treated as a distribution by reason of the amendments made by this section to the extent such loan is repaid before August 14, 1983.
‘(B) Qualified refunding loan. - For purposes of subparagraph (A), the term ‘qualified refunding loan’ means any loan made after August 13, 1982, and before August 14, 1983, to the extent such loan is used to make a required principal payment.
‘(C) Required principal payment. - For purposes of subparagraph (B), the term ‘required principal payment’ means any principal repayment on a loan made under the plan which was outstanding on August 13, 1982, if such repayment is required to be made after August 13, 1982, and before August 14, 1983 or if such loan was payable on demand.
‘(D) Special rule for non-key employees. - In the case of a non-key employee (within the meaning of section 416(i)(2) of the Internal Revenue Code of 1986 (formerly I.R.C. 1954 )), this paragraph shall be applied by substituting ‘January 1, 1985’ for ‘August 14, 1983’ each place it appears.
‘(3) Treatment of certain renegotiations. - If -
‘(A) the taxpayer after August 13, 1982, and before September 4, 1982, borrows money from a government plan (as defined in section 219(e)(4) of the Internal Revenue Code of 1986),
‘(B) under the applicable State law, such loan requires the renegotiation of all outstanding prior loans made to the taxpayer under such plan, and
‘(C) the renegotiation described in subparagraph (B) does not change the interest rate on, or extend the duration of, any such outstanding prior loan, then the renegotiation described in subparagraph (B) shall not be treated as a renegotiation, extension, renewal, or revision for purposes of paragraph (1). If the renegotiation described in subparagraph (B) does not meet the requirements of subparagraph (C) solely because it extends the duration of any such outstanding prior loan, the requirements of subparagraph (C) shall be treated as met with respect to such renegotiation if, before April 1, 1983, such extension is eliminated.’
Section 265(c) of Pub. L. 97-248 provided that:
‘(1) Subsection (a). - The amendments made by subsection (a) (amending this section) shall take effect on August 13, 1982.
‘(2) Subsection (b). - The amendments made by subsection (b) (amending this section and sections 46, 50A, 53, 901, 1302, and 1304 of this title) shall apply to distributions after December 31, 1982.’
Amendment by section 237(d) of Pub. L. 97-248 applicable to years beginning after Dec. 31, 1983, see section 241 of Pub. L. 97-248, set out as an Effective Date note under section 416 of this title.
Section 312(f) of Pub. L. 97-34, as amended by Pub. L. 97-448, title I, Sec. 103(d)(3), 96 Stat. 2378, provided that:
‘(1) In general. - Except as provided in paragraph (2), the amendments made by this section (amending this section and sections 219, 401, 404, 408, 1379, and 4972 of this title) shall apply to taxable years beginning after December 31, 1981.
‘(2) Transitional rule. - The amendments made by subsection (d) (amending this section) shall not apply to any loan from a plan to a self-employed individual who is an employee within the meaning of section 401(c)(1) which is outstanding on December 31, 1981. For purposes of the preceding sentence, any loan which is renegotiated, extended, renewed, or revised after such date shall be treated as a new loan.’
Amendment by section 1901(a)(12), (13) of Pub. L. 94-455 applicable with respect to taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as a note under section 2 of this title.
Section 1951(d) of Pub. L. 94-455 provided that: ‘Except as otherwise expressly provided, the amendments made by this section (see Tables for classification of section 1951 of Pub. L. 94-455) shall apply with respect to taxable years beginning after December 31, 1976.'
Amendment by section 2001(e)(5) of Pub. L. 93-406 applicable to contributions made in taxable years beginning after Dec. 31, 1975, see section 2001(i)(4) of Pub. L. 93-406, set out as a note under section 401 of this title.
Section 2001(i)(5), (6) of Pub. L. 93-406 provided that:
‘(5) The amendments made by subsection (g) (amending this section and sections 46, 50A, 56, 404, and 901 of this title) apply to distributions made in taxable years beginning after December 31, 1975.
‘(6) The amendments made by subsection (h) (amending this section and section 401 of this title) apply to taxable years ending after the date of enactment of this Act (Sept. 2, 1974).’
Amendment by section 2002(g)(10) of Pub. L. 93-406 effective on Jan. 1, 1975, see section 2002(i)(2) of Pub. L. 93-406, set out as an Effective Date note under section 4973 of this title.
Amendment by section 2005(c)(3) of Pub. L. 93-406, applicable only with respect to distributions or payments made after Dec. 31, 1973, in taxable years beginning after Dec. 31, 1973, see section 2005(d) of Pub. L. 93-406, set out as a note under section 402 of this title.
Amendment by section 2007(b)(2) of Pub. L. 93-406 applicable to taxable years ending on or after Sept. 21, 1972, see section 2007(c) of Pub. L. 93-406, set out as a note under section 122 of this title.
Amendment by Pub. L. 89-365 applicable with respect to taxable years ending after Dec. 31, 1965, see section 1(d) of Pub. L. 89-365, set out as an Effective Date note under section 122 of this title.
Amendment by Pub. L. 89-97 applicable to taxable years beginning after Dec. 31, 1966, see section 106(e) of Pub. L. 89-97, set out as a note under section 213 of this title.
Amendment by Pub. L. 88-272 applicable to taxable years beginning after Dec. 31, 1963, see section 232(g) of Pub. L. 88-272, set out as a note under section 5 of this title.
Section 11(c)(2) of Pub. L. 87-834 provided that: ‘The amendment made by subsection (b) (amending this section) shall apply to taxable years ending after December 31, 1962.’
“(ii) ELIGIBLE RETIREMENT PLAN.—The term ‘‘eligible retirement plan’’ shall have the meaning given such term by section 402(c)(8)(B) of the Internal Revenue Code of 1986.
“(B) section 165(h)(1) of such Code shall be applied by substituting ‘‘$500’’ for ‘‘$500 ($100 for taxable years beginning after December 31, 2009)’’,
Section 502(c)(1) and (3) of Pub. L. 115-63 provided:
“(1) IN GENERAL.—Section 72(t) of the Internal Revenue Code of 1986 shall not apply to any qualified hurricane distribution.”
“(1) INCREASE IN LIMIT ON LOANS NOT TREATED AS DISTRIBUTIONS.—In the case of any loan from a qualified employer plan (as defined under section 72(p)(4) of the Internal Revenue Code of 1986) to a qualified individual made during the period beginning on the date of the enactment of this Act and ending on December 31, 2018—
“(A) clause (i) of section 72(p)(2)(A) of such Code shall be applied by substituting “$100,000” for “$50,000”, and
“(B) clause (ii) of such section shall be applied by substituting “the present value of the nonforfeitable accrued benefit of the employee under the plan” for “one-half of the present value of the nonforfeitable accrued benefit of the employee under the plan”.
“(2) DELAY OF REPAYMENT.—In the case of a qualified individual with an outstanding loan on or after the qualified beginning date from a qualified employer plan (as defined in section 72(p)(4) of the Internal Revenue Code of 1986)—
“(A) if the due date pursuant to subparagraph (B) or (C) of section 72(p)(2) of such Code for any repayment with respect to such loan occurs during the period beginning on the qualified beginning date and ending on December 31, 2018, such due date shall be delayed for 1 year,
“(B) any subsequent repayments with respect to any such loan shall be appropriately adjusted to reflect the delay in the due date under paragraph (1) and any interest accruing during such delay, and
“(C) in determining the 5-year period and the term of a loan under subparagraph (B) or (C) of section 72(p)(2) of such Code, the period described in subparagraph (A) shall be disregarded.”
Section 101(a) and (b) of Pub. L. 109-73, before repeal by Pub. L. 109-135, Sec. 201(b)(4) (effective Dec. 21, 2005) provided that:
“(a) IN GENERAL.—Section 72(t) of the Internal Revenue Code of 1986 shall not apply to any qualified Hurricane Katrina distribution.
“(1) IN GENERAL.—For purposes of this section, the aggregate amount of distributions received by an individual which may be treated as qualified Hurricane Katrina distributions for any taxable year shall not exceed the excess (if any) of—
“(3) CONTROLLED GROUP.—For purposes of paragraph (2), the term “controlled group” means any group treated as a single employer under subsection (b), (c), (m), or (o) of section 414 of such Code.”
Section 102 of Pub. L. 109-73, before repeal by Pub. L. 109-135, Sec. 201(b)(4) (effective Dec. 21, 2005) provided that:
“(a) RECONTRIBUTIONS.—
“(1) IN GENERAL.—Any individual who received a qualified distribution may, during the period beginning on August 25, 2005, and ending on February 28, 2006, make one or more contributions in an aggregate amount not to exceed the amount of such qualified distribution to an eligible retirement plan (as defined in section 402(c)(8)(B) of the Internal Revenue Code of 1986) of which such individual is a beneficiary and to which a rollover contribution of such distribution could be made under section 402(c), 403(a)(4), 403(b)(8), or 408(d)(3) of such Code, as the case may be.
“(2) TREATMENT OF REPAYMENTS.—Rules similar to the rules of paragraphs (2) and (3) of section 101(c) of this Act shall apply for purposes of this section.
“(b) QUALIFIED DISTRIBUTION DEFINED.—For purposes of this section, the term “qualified distribution” means any distribution—
LOANS FROM QUALIFIED PLANS FOR RELIEF RELATING TO HURRICANE KATRINA
Section 103 of Pub. L. 109-73, before repeal by Pub. L. 109-135, Sec. 201(b)(4) (effective Dec. 21, 2005) provided that:
“(a) INCREASE IN LIMIT ON LOANS NOT TREATED AS DISTRIBUTIONS.–In the case of any loan from a qualified employer plan (as defined under section 72(p)(4) of the Internal Revenue Code of 1986) to a qualified individual made after the date of enactment of this Act and before January 1, 2007—
“(1) clause (i) of section 72(p)(2)(A) of such Code shall be applied by substituting “$100,000” for “$50,000”, and
“(2) clause (ii) of such section shall be applied by substituting “the present value of the nonforfeitable accrued benefit of the employee under the plan” for “one-half of the present value of the nonforfeitable accrued benefit of the employee under the plan”.
“(b) DELAY OF REPAYMENT.—In the case of a qualified individual with an outstanding loan on or after August 25, 2005, from a qualified employer plan (as defined in section 72(p)(4) of such Code)—
“(1) if the due date pursuant to subparagraph (B) or (C) of section 72(p)(2) of such Code for any repayment with respect to such loan occurs during the period beginning on August 25, 2005, and ending on December 31, 2006, such due date shall be delayed for 1 year,
“(2) any subsequent repayments with respect to any such loan shall be appropriately adjusted to reflect the delay in the due date under paragraph (1) and any interest accruing during such delay, and
“(3) in determining the 5-year period and the term of a loan under subparagraph (B) or (C) of section 72(p)(2) of such Code, the period described in paragraph (1) shall be disregarded.
“(c) QUALIFIED INDIVIDUAL.—For purposes of this section, the term “qualified individual” means an individual whose principal place of abode on August 28, 2005, is located in the Hurricane Katrina disaster area and who has sustained an economic loss by reason of Hurricane Katrina.”
Section 1951(b)(1)(B) of Pub. L. 94-455 provided that: ‘Notwithstanding subparagraph (A) (repealing subsec. (i) of this section), if the provisions of section 72(i) applied to amounts received in taxable years beginning before January 1, 1977, under an annuity contract, then amounts received under such contract on or after such date shall be treated as if such provisions were not repealed.’
Section 1011A(c)(13) of Pub. L. 100-647 provided that: ‘Section 72(t) of the 1986 Code shall apply to any distribution without regard to whether such distribution is made without the consent of the participant pursuant to section 411(a)(11) or section 417(e) of the 1986 Code.’