Source: https://www.law.cornell.edu/uscode/text/26/79?qt-us_code_tabs=0
Timestamp: 2015-05-29 13:00:16
Document Index: 181845986

Matched Legal Cases: ['§ 79', '§ 79', '§ 79', '§ 204', '§ 106', '§ 1906', '§ 244', '§ 223', '§ 1151', '§ 1827', '§ 5013', '§ 203', '§ 11703', '§ 40242', '§ 11703', '§ 203', '§ 5013', '§ 1151', '§ 1011', '§ 1827', '§ 223', '§ 2', '§ 1827', '§ 244', '§ 204', '§ 2']

26 U.S. Code § 79 - Group-term life insurance purchased for employees | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter B › Part II › § 79 26 U.S. Code § 79 - Group-term life insurance purchased for employees
General rule There shall be included in the gross income of an employee for the taxable year an amount equal to the cost of group-term life insurance on his life provided for part or all of such year under a policy (or policies) carried directly or indirectly by his employer (or employers); but only to the extent that such cost exceeds the sum of—
Determination of cost of insurance For purposes of this section and section 6052, the cost of group-term insurance on the life of an employee provided during any period shall be determined on the basis of uniform premiums (computed on the basis of 5-year age brackets) prescribed by regulations by the Secretary.
In general In the case of a discriminatory group-term life insurance plan—
Discriminatory group-term life insurance plan For purposes of this subsection, the term “discriminatory group-term life insurance plan” means any plan of an employer for providing group-term life insurance unless—
Nondiscriminatory eligibility classification (A)
In general A plan does not meet requirements of subparagraph (A) of paragraph (2) unless—
Nondiscriminatory benefits A plan does not meet the requirements of paragraph (2)(B) unless all benefits available to participants who are key employees are available to all other participants.
Special rule A plan shall not fail to meet the requirements of paragraph (2)(B) merely because the amount of life insurance on behalf of the employees under the plan bears a uniform relationship to the total compensation or the basic or regular rate of compensation of such employees.
Key employee defined For purposes of this subsection, the term “key employee” has the meaning given to such term by paragraph (1) of section 416
Exemption for church plans (A)
In general This subsection shall not apply to a church plan maintained for church employees.
Definitions For purposes of subparagraph (A), the terms “church plan” and “church employee” have the meaning given such terms by paragraphs (1) and (3)(B) of section 414
Treatment of former employees To the extent provided in regulations, this subsection shall be applied separately with respect to former employees.
Employee includes former employee For purposes of this section, the term “employee” includes a former employee.
Exception for life insurance purchased in connection with qualified transfer of excess pension assets Subsection (b)(3) andsection 72
(Added Pub. L. 88–272, title II, § 204(a)(1),Feb. 26, 1964, 78 Stat. 36; amended Pub. L. 89–97, title I, § 106(d)(3),July 30, 1965, 79 Stat. 337; Pub. L. 94–455, title XIX, § 1906(b)(13)(A),Oct. 4, 1976, 90 Stat. 1834; Pub. L. 97–248, title II, § 244(a),Sept. 3, 1982, 96 Stat. 523; Pub. L. 98–369, div. A, title II, § 223(a), (b),July 18, 1984, 98 Stat. 775; Pub. L. 99–514, title XI, § 1151(c)(1), title XVIII, § 1827(a)(1), (c), (d),Oct. 22, 1986, 100 Stat. 2503, 2850, 2851; Pub. L. 100–647, title V, § 5013(a),Nov. 10, 1988, 102 Stat. 3666; Pub. L. 101–140, title II, § 203(a)(1), (b)(1)(A),Nov. 8, 1989, 103 Stat. 830, 831; Pub. L. 101–508, title XI, § 11703(e)(1),Nov. 5, 1990, 104 Stat. 1388–517; Pub. L. 112–141, div. D, title II, § 40242(d),July 6, 2012, 126 Stat. 861.)
Amendment by Pub. L. 112–141applicable to transfers made after July 6, 2012, see section 40242(h) ofPub. L. 112–141, set out as a note under section 420 of this title.
Pub. L. 101–508, title XI, § 11703(e)(2),Nov. 5, 1990, 104 Stat. 1388–517, provided that: “The amendment made by paragraph (1) [amending this section] shall apply to employees separating from service after the date of the enactment of this Act [Nov. 5, 1990].”
Pub. L. 101–140, title II, § 203(c),Nov. 8, 1989, 103 Stat. 832, provided that: “The amendments made by this section [amending this section and sections 105, 117, 120, 125, 127, 129, 132, 162, 401, 414, 505, 3121, 3231, 3306, 3401, 4976, and 6652 of this title, section 409 of title 42, The Public Health and Welfare, and provisions set out as notes under sections 89 and 3121 of this title] shall take effect as if included in section 1151 of the Tax Reform Act of 1986 [Pub. L. 99–514, see section 1151(k) set out below].”
Pub. L. 100–647, title V, § 5013(b),Nov. 10, 1988, 102 Stat. 3666, provided that: “The amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after December 31, 1988.”
Pub. L. 99–514, title XI, § 1151(k),Oct. 22, 1986, 100 Stat. 2508, as amended by Pub. L. 100–647, title I, § 1011B(a)(25), (26),Nov. 10, 1988, 102 Stat. 3486, provided that:
Pub. L. 99–514, title XVIII, § 1827(a)(2),Oct. 22, 1986, 100 Stat. 2850, provided that: “The amendment made by paragraph (1) [amending this section] shall apply to taxable years ending after the date of the enactment of this Act [Oct. 22, 1986].”
Pub. L. 98–369, div. A, title II, § 223(d),July 18, 1984, 98 Stat. 775, as amended by Pub. L. 99–514, § 2, title XVIII, § 1827(b),Oct. 22, 1986, 100 Stat. 2095, 2850, provided that:
Pub. L. 97–248, title II, § 244(b),Sept. 3, 1982, 96 Stat. 524, provided that: “The amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after December 31, 1983.”
Pub. L. 88–272, title II, § 204(d),Feb. 26, 1964, 78 Stat. 37, as amended by Pub. L. 99–514, § 2,Oct. 22, 1986, 100 Stat. 2095, provided that: “The amendments made by subsections (a) [amending this section and section 7701 of this title] and (c) [amending sections 6052 and 6678 of this title] and paragraph (3) of section 6652(a) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (as amended by section 221(b)(2) of this Act), shall apply with respect to group-term life insurance provided after December 31, 1963, in taxable years ending after such date. The amendments made by subsection (b) [amending section 3401 of this title] shall apply with respect to remuneration paid after December 31, 1963, in the form of group-term life insurance provided after such date. In applying section 79(b) of the Internal Revenue Code of 1986 (as added by subsection (a)(1) of this section) to a taxable year beginning before May 1, 1964, if paragraph (2)(B) of such section applies with respect to an employee for the period beginning May 1, 1964, and ending with the close of his first taxable year ending after April 30, 1964, such paragraph (2)(B) shall be treated as applying with respect to such employee for the period beginning January 1, 1964, and ending April 30, 1964.”