26 U.S.C. § 194A : US Code - Section 194A: Contributions to employer liability trusts

Search 26 U.S.C. § 194A : US Code - Section 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.