Source: http://taxtv.com/code/00361-USCODE-2011-title26-subtitleA-chap1-subchapD-partI-subpartD-sec419/
Timestamp: 2017-03-25 19:38:05
Document Index: 545698655

Matched Legal Cases: ['§419', '§419', '§1', '§18', '§10201', '§1018', '§18', '§18', '§18', '§18', '§18']

IRC §419. Treatment of funded welfare benefit plans - TaxTV.com
IRC §419. Treatment of funded welfare benefit plans
The amount of the deduction allowable under subsection (a)(2) for any taxable year shall not exceed the welfare benefit fund’s qualified cost for the taxable year.
In the case of any welfare benefit fund, the qualified cost for any taxable year shall be reduced by such fund’s after-tax income for such taxable year.
(A) any organization described in paragraph (7), (9), (17), or (20) of section 501(c),
If any fund would be a welfare benefit fund (as modified by subsection (f)) but for the fact that there is no employee-employer relationship—
(Added Pub. L. 98–369, div. A, title V, §1(a), July 18, 1984, 98 Stat. 854; amended Pub. L. 99– 4, title XVIII, §18 (a)(1), (8)(A), (b)(2)(C)(iv), Oct. 22, 1986, 100 Stat. 2858, 2860, 2863; Pub. L. 100–203, title IX, §10201(b)(4), Dec. 22, 1987, 101 Stat. 1330–387; Pub. L. 100–647, title I, §1018(t)(2)(C), Nov. 10, 1988, 102 Stat. 3587.)
1988—Subsec. (a)(1). Pub. L. 100–647 substituted “chapter” for “subchapter”.
1987—Subsec. (e)(2)(D). Pub. L. 100–203 struck out subpar. (D) which related to a benefit with respect to which an election under section 463 applies.
1986—Subsec. (a)(1). Pub. L. 99– 4, §18 (b)(2)(C)(iv)(I), substituted “under this subchapter” for “under section 162 or 212”.
Subsec. (a)(2). Pub. L. 99– 4, §18 (b)(2)(C)(iv)(II), substituted “they would otherwise be deductible” for “they satisfy the requirements of either of such sections”.
Subsec. (e)(4). Pub. L. 99– 4, §18 (a)(8)(A), added par. (4).
Subsec. (g)(1). Pub. L. 99– 4, §18 (a)(1), substituted “such a relationship” for “such a plan”.
Section 1(e) of Pub. L. 98–369, as amended by Pub. L. 99– 4, title XVIII, §18 (a)(12), (14), Oct. 22, 1986, 100 Stat. 2862, provided that:
“(6) Amendments related to tax on unrelated business income.—The amendments made by subsection (b) [amending section 2 of this title] shall apply with respect to taxable years ending after December 31, 1985. For purposes of section 15 of the Internal Revenue Code of 1954 [now 1986], such amendments shall be treated as a change in the rate of a tax imposed by chapter 1 of such Code.
Section 18 (a)(8)(B) of Pub. L. 99– 4 provided that: “Except in the case of a reserve for post-retirement medical or life insurance benefits and any other arrangement between an insurance company and an employer under which the employer has a contractual right to a refund or dividend based solely on the experience of such employer, any account held for an employer by any person and defined as a fund in regulations issued pursuant to section 419(e)(3)(C) of the Internal Revenue Code of 1954 [now 1986] shall be considered a ‘fund’ no earlier than 6 months following the date such regulations are published in final form.”