26 U.S. Code § 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
In the case of a contribution described in subsection (a) which relates to any specified period of time which includes more than one taxable year, the amount properly allocable to any taxable year in such period shall be determined by prorating such amounts to such taxable years under regulations prescribed by the Secretary.
(c) Disallowance of deduction
No deduction shall be allowed under subsection (a) with respect to any contribution described in subsection (a) which does not relate to any specified period of time.


(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.)
References in Text

Section 4223(h) of the Employee Retirement Income Security Act of 1974, referred to in subsec. (a), is classified to section 1403 (h) of Title 29, Labor.
Effective Date of 1983 Amendment

Pub. L. 97–448, title III, § 311(c)(2),Jan. 12, 1983, 96 Stat. 2411, provided that: “The amendments made by subsection (b) ofsection 305 [redesignating section 194 of this title, relating to contributions to employer liability trusts, as this section] shall take effect on October 14, 1980.”
Effective Date

Section applicable to taxable years ending after Sept. 26, 1980, see section 210(c) ofPub. L. 96–364, set out as a note under section 418 of this title.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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26 USCDescription of ChangeSession YearPublic LawStatutes at Large


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