26 USC 194A - Contributions to employer liability trusts

U.S Code last checked for updates: Nov 22, 2024

§ 194A.

Contributions to employer liability trusts

(a)

Allowance of deduction

There shall be allowed as a deduction for the taxable year an amount equal to the amount—

(1)

which is contributed by an employer to a trust described in section 501(c)(22) (relating to withdrawal liability payment fund) which meets the requirements of section 4223(h) of the Employee Retirement Income Security Act of 1974, and

(2)

which is properly allocable to such taxable year.

(b)

Allocation to taxable year

(c)

Disallowance of deduction

(Added Pub. L. 96–364, title II, § 209(c)(1), Sept. 26, 1980, 94 Stat. 1290, § 194; renumbered § 194A, Pub. L. 97–448, title III, § 305(b)(1), Jan. 12, 1983, 96 Stat. 2399.)

cite as: 26 USC 194A