Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 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.
Source: view the official text
Nearby sections (25 sections)
- 183 · Activities not engaged in for profit
- 184 · [§184. Repealed. Pub. L. 101–508, title XI, §11801(a)(12), Nov.…
- 185 · [§185. Repealed. Pub. L. 99–514, title II, §242(a), Oct. 22,…
- 186 · Recoveries of damages for antitrust violations, etc.
- 187 · [§187. Repealed. Pub. L. 94–455, title XIX, §1901(a)(31), Oct. 4,…
- 188 · [§188. Repealed. Pub. L. 101–508, title XI, §11801(a)(13), Nov.…
- 189 · [§189. Repealed. Pub. L. 99–514, title VIII, §803(b)(1), Oct. 22,…
- 190 · Expenditures to remove architectural and transportation barriers…
- 191 · [§191. Repealed. Pub. L. 97–34, title II, §212(d)(1), Aug. 13,…
- 192 · Contributions to black lung benefit trust
- 193 · Tertiary injectants
- 194 · Treatment of reforestation expenditures
- 194A · Contributions to employer liability trusts
- 195 · Start-up expenditures
- 196 · Deduction for certain unused business credits
- 197 · Amortization of goodwill and certain other intangibles
- 198 · Expensing of environmental remediation costs
- 198A · [§198A. Repealed. Pub. L. 113–295, div. A, title II,…
- 199 · [§199. Repealed. Pub. L. 115–97, title I, §13305(a), Dec. 22,…
- 199A · Qualified business income
- 211 · Allowance of deductions
- 212 · Expenses for production of income
- 213 · Medical, dental, etc., expenses
- 214 · [§214. Repealed. Pub. L. 94–455, title V, §504(b)(1), Oct. 4,…
- 215 · [§215. Repealed. Pub. L. 115–97, title I, §11051(a), Dec. 22,…