26 U.S.C. 4975: Tax on prohibited transactions

2022

• Pub. L. 117–328, §113(c), added par. (24). (Consolidated Appropriations Act, 2023) Law text · (d)
• Pub. L. 117–328, §120(a), added par. (25). (Consolidated Appropriations Act, 2023) Law text · (d)
• Pub. L. 117–328, §120(b), added par. (12). (Consolidated Appropriations Act, 2023) Law text · (f)

2019

• Pub. L. 116–94 added par. (7). (Further Consolidated Appropriations Act, 2020) Law text · (c)

2018

• Pub. L. 115–141, §401(a)(229), substituted "a leveraged" for "an leveraged" in introductory provisions. (Consolidated Appropriations Act, 2018) Law text · (d)
• Pub. L. 115–141, §401(a)(190), substituted "1813(w)(1)))," for "1813(w)(1)),". (Consolidated Appropriations Act, 2018) Law text · (d)
• Pub. L. 115–141, §401(a)(230), substituted "any transaction" for "Any transaction" in introductory provisions. (Consolidated Appropriations Act, 2018) Law text · (d)
• Pub. L. 115–141, §401(a)(231), substituted "person" for "person person" in introductory provisions. (Consolidated Appropriations Act, 2018) Law text · (d)
• Pub. L. 115–141, §401(a)(232), inserted "subsection" before "(d)(17)(A)(ii)". (Consolidated Appropriations Act, 2018) Law text · (f)
• Pub. L. 115–141, §401(a)(233), struck out comma after "adviser". (Consolidated Appropriations Act, 2018) Law text · (f)
• Pub. L. 115–141, §401(a)(234), inserted "of" before "the manner". (Consolidated Appropriations Act, 2018) Law text · (f)

2008

• Pub. L. 110–458, §106(a)(2)(A), substituted "that permits" for "and that permits" in introductory provisions. (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (d)
• Pub. L. 110–458, §106(b)(2)(A), in introductory provisions, substituted "disqualified person" for "party in interest" and "subsection (e)(3)" for "subsection (e)(3)(B)". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (d)
• Pub. L. 110–458, §106(b)(2)(B), substituted "disqualified person" for "party in interest" wherever appearing. (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (d)
• Pub. L. 110–458, §106(b)(2)(C), struck out "or less" before "than 3 percent". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (d)
• Pub. L. 110–458, §106(a)(2)(B)(i), substituted "subsection (d)(17)" for "subsection (b)(14)". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (f)
• Pub. L. 110–458, §106(a)(2)(B)(ii), substituted "(d)(17)(A)(ii)" for "subsection (b)(14)(B)(ii)". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (f)
• Pub. L. 110–458, §106(a)(2)(B)(iii), substituted "fiduciary adviser," for "financial adviser". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (f)
• Pub. L. 110–458, §106(a)(2)(B)(iv), substituted "subsection (c)" for "section 406". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (f)
• Pub. L. 110–458, §106(a)(2)(B)(v), substituted "a participant" for "the participant" in introductory provisions and concluding provisions, inserted "referred to in subsection (e)(3)(B)" after "investment advice" in introductory provisions, and substituted "subsection (d)(4)" f… (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (f)
• Pub. L. 110–458, §106(c), inserted "of the Employee Retirement Income Security Act of 1974" after "section 407(d)(1)" and "of such Act" after "section 407(d)(2)". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (f)

2006

• Pub. L. 109–280, §601(b)(1), added par. (17). (Pension Protection Act of 2006) Law text · (d)
• Pub. L. 109–280, §611(a)(2)(A), added par. (18). (Pension Protection Act of 2006) Law text · (d)
• Pub. L. 109–280, §611(c)(2), added par. (19). (Pension Protection Act of 2006) Law text · (d)
• Pub. L. 109–280, §611(d)(2)(A), added par. (20). (Pension Protection Act of 2006) Law text · (d)
• Pub. L. 109–280, §611(e)(2), added par. (21). (Pension Protection Act of 2006) Law text · (d)
• Pub. L. 109–280, §611(g)(2), added par. (22). (Pension Protection Act of 2006) Law text · (d)
• Pub. L. 109–280, §612(b)(1), added par. (23). (Pension Protection Act of 2006) Law text · (d)
• Pub. L. 109–280, §601(b)(2), added par. (8). (Pension Protection Act of 2006) Law text · (f)
• Pub. L. 109–280, §611(a)(2)(B), added par. (9). (Pension Protection Act of 2006) Law text · (f)
• Pub. L. 109–280, §611(d)(2)(B), added par. (10). (Pension Protection Act of 2006) Law text · (f)
• Pub. L. 109–280, §612(b)(2), added par. (11). (Pension Protection Act of 2006) Law text · (f)

2005

• Pub. L. 109–135, §413(a)(2)(A), inserted "or a depository institution holding company (as defined in section 3(w)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1813(w)(1))" after "a bank (as defined in section 581)". (Gulf Opportunity Zone Act of 2005) Law text · (d)
• Pub. L. 109–135, §413(a)(2)(B), inserted "or company" after "such bank". (Gulf Opportunity Zone Act of 2005) Law text · (d)

2004

• Pub. L. 108–357, §233(c), added par. (16). (American Jobs Creation Act of 2004) Law text · (d)
• Pub. L. 108–357, §240(a), added par. (7). (American Jobs Creation Act of 2004) Law text · (f)

2003

• Pub. L. 108–173, §1201(f)(1), added par. (6). (Medicare Prescription Drug, Improvement, and Modernization Act of 2003) Law text · (c)
• Pub. L. 108–173, §1201(f)(2), added subpar. (E) and redesignated former subpars. (E) and (F) as (F) and (G), respectively. (Medicare Prescription Drug, Improvement, and Modernization Act of 2003) Law text · (e)

2001

• Pub. L. 107–22, §1(b)(1)(D), (3)(D), in heading, substituted "Coverdell education savings" for "education individual retirement" and in text, substituted "a Coverdell education savings" for "an education individual retirement". Law text · (c)
• Pub. L. 107–22, §1(b)(1)(D), substituted "a Coverdell education savings" for "an education individual retirement". Law text · (e)
• Pub. L. 107–16, §656(b), inserted ", section 409(p)," after "409(n)" in concluding provisions. (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (e)
• Pub. L. 107–16, §612(a), added cl. (iii). (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (f)

2000

• Pub. L. 106–554, §1(a)(7) [title II, §202(b)(10)], substituted "an Archer" for "a Archer". (Consolidated Appropriations Act, 2001) Law text · (c)
• Pub. L. 106–554, §1(a)(7) [title II, §202(a)(7), (b)(7)], substituted "Archer MSAs" for "medical savings accounts" in heading and "Archer MSA" for "medical savings account" in text. (Consolidated Appropriations Act, 2001) Law text · (c)
• Pub. L. 106–554, §1(a)(7) [title II, §202(b)(10)], substituted "an Archer" for "a Archer". (Consolidated Appropriations Act, 2001) Law text · (e)
• Pub. L. 106–554, §1(a)(7) [title II, §202(a)(7)], substituted "Archer MSA" for "medical savings account". (Consolidated Appropriations Act, 2001) Law text · (e)

1998

• Pub. L. 105–206, §6023(19)(A), substituted "exempt from the tax" for "exempt for the tax". (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (c)
• Pub. L. 105–206, §6023(19)(B), substituted "Secretary of the Treasury" for "Secretary of Treasury". (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (i)

1997

• Pub. L. 105–34, §1074(a), substituted "15 percent" for "10 percent". (Taxpayer Relief Act of 1997) Law text · (a)
• Pub. L. 105–34, §1602(a)(5), substituted "if section 220(e)(2) applies to such transaction." for "if, with respect to such transaction, the account ceases to be a medical savings account by reason of the application of section 220(e)(2) to such account." (Taxpayer Relief Act of 1997) Law text · (c)
• Pub. L. 105–34, §213(b)(2), added par. (5). (Taxpayer Relief Act of 1997) Law text · (c)
• Pub. L. 105–34, §1506(b)(1)(B)(ii), struck out concluding provisions which read as follows: "The exemptions provided by this subsection (other than paragraphs (9) and (12)) shall not apply to any transaction with respect to a trust described in section 401(a) which is part of a plan pr… (Taxpayer Relief Act of 1997) Law text · (d)
• Pub. L. 105–34, §1506(b)(1)(B)(i), substituted "Except as provided in subsection (f)(6), the prohibitions" for "The prohibitions" in introductory provisions. (Taxpayer Relief Act of 1997) Law text · (d)
• Pub. L. 105–34, §213(b)(1), struck out "or" at end of subpar. (D), added subpar. (E), and redesignated former subpar. (E) as (F). (Taxpayer Relief Act of 1997) Law text · (e)
• Pub. L. 105–34, §1530(c)(10), inserted "and section 664(g)" after "section 409(n)" in concluding provisions. (Taxpayer Relief Act of 1997) Law text · (e)
• Pub. L. 105–34, §1506(b)(1)(A), added par. (6). (Taxpayer Relief Act of 1997) Law text · (f)

1996

• Pub. L. 104–188, §1453(a), substituted "10 percent" for "5 percent". (Small Business Job Protection Act of 1996) Law text · (a)
• Pub. L. 104–191, §301(f)(1), added par. (4). (Health Insurance Portability and Accountability Act of 1996) Law text · (c)
• Pub. L. 104–188, §1702(g)(3), substituted "408(b)(12)" for "408(b)". (Small Business Job Protection Act of 1996) Law text · (d)
• Pub. L. 104–191, §301(f)(2), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: "For purposes of this section, the term 'plan' means a trust described in section 401(a) which forms a part of a plan, or a plan described in section 4… (Health Insurance Portability and Accountability Act of 1996) Law text · (e)

1990

• Pub. L. 101–508 inserted before semicolon at end "or which is exempt from section 406 of such Act by reason of section 408(b) of such Act". · (d)

1986

• Pub. L. 99–514, §1899A(51), inserted a closing parenthesis after "and (12)" in second sentence. · (d)
• Pub. L. 99–514, §1114(b)(15)(A), substituted "highly compensated employees (within the meaning of section 414(q))" for "highly compensated employees, officers, or shareholders". · (d)
• Pub. L. 99–514, §1854(f)(3)(A), inserted ", section 409(o), and, if applicable, section 409(n)" in last sentence. · (e)

1984

• Pub. L. 98–369, §491(d)(45), substituted in provision following par. (15) "or an individual retirement annuity (as defined in section 408)" for ", individual retirement annuity, or an individual retirement bond (as defined in section 408 or 409)". · (d)
• Pub. L. 98–369, §491(d)(46), struck out "or 405(a)" after "section 403(a)" and "or a retirement bond described in section 409" after "section 408(b)", and substituted "or annuity" for "annuity, or bond" and "or account" for "account, or bond". · (e)
• Pub. L. 98–369, §491(e)(7), substituted "section 409(h)" for "section 409A(h)", "section 409(e)(4)" for "section 409A(e)(4)", and "section 409(e)" for "section 409A(e)". · (e)
• Pub. L. 98–369, §491(e)(8), substituted "section 409(l)" for "section 409A(l)". · (e)

1983

• Pub. L. 97–448 inserted ", as in effect on the day before the date of the enactment of the Subchapter S Revision Act of 1982" after "section 1379" in last sentence. · (d)

1980

• Pub. L. 96–596, §2(a)(1)(K), substituted "taxable period" for "correction period". · (b)
• Pub. L. 96–364, §208(b), added pars. (14) and (15). · (d), (15)
• Pub. L. 96–222, §101(a)(7)(K), (L)(iv)(III), (v)(XI), substituted references to an employee stock ownership plan, for references to a leveraged employee stock ownership plan wherever appearing therein, and substituted provisions relating to treatment of a plan as an employee stock o… · (e)
• Pub. L. 96–222, §101(a)(7)(C), substituted provisions defining "qualifying employer security" within the meaning of section 409A(l), for provisions defining such term as stock, or otherwise an equity security, or within the meaning of section 503(e)(1) to (3). · (e)
• Pub. L. 96–364, §209(b), added par. (9). · (e)
• Pub. L. 96–596, §2(a)(2)(I), added subpar. (B) and redesignated former subpar. (B) as (C). · (f), (C)
• Pub. L. 96–596, §2(a)(1)(L), substituted "taxable period" for "correction period". · (f)
• Pub. L. 96–596, §2(a)(3)(F), struck out par. (6), which defined correction period, with respect to a prohibited transaction, as the period beginning on the date on which the prohibited transaction occurs and ending 90 days after the date of mailing of a notice of deficiency with res… · (f)

1978

• Pub. L. 95–600, §141(f)(6), substituted "leveraged employee" for "employee". · (d)
• Pub. L. 95–600, §141(f)(5), substituted in heading "Leveraged employee" for "Employee", and in text, "leveraged employee" for "employee" and inserted provision that a plan not be treated as a leveraged employee stock ownership plan unless it meet the requirements of section 409A(e) … · (e)

1976

• Pub. L. 94–455 struck out "or his delegate" after "Secretary" wherever appearing. · (c), (d), (e), (f)