12 2 STA T .509 9 PUBLIC LA W 110 –4 5 8—DE C.2 3, 2008 (i) i npar a g rap h ( 3 ) ,byst ri k ing ‘ ‘th e n o r m a lc osts, the accr u e d liabilities ’ ’ and inserting ‘‘the normal costs or target normal costs, the accrued liabilities or f unding target’’, and (ii) by striking paragraph ( 7 ) and inserting the follo w ing new paragraph
‘‘(7) A certification of the contribution necessary to reduce the minimum re q uired contribution determined under section 3 0 3, or the accumulated funding deficiency determined under section 30 4 ,to z ero . ’’. ( B ) S ection 407 1 of ERI SA is amended by striking ‘‘as section 303(k)(4) or 307(e)’’ and inserting ‘‘or section 303(k)(4),’’. ( 2 )A MEND MEN TS T O1986C ODE. — (A) Section 401(a)(2 9 ) of the 1986 Code is amended by striking ‘‘ON PLA NS I NAT -R IS K STAT U S’’ in the heading. (B) Section 401(a)(32)(C) of the 1986 Code is amended— (i) by striking ‘‘section 430( j )’’ and inserting ‘‘sec- tion 430(j)(3)’’, and (ii) by striking ‘‘paragraph ( 5 )(A)’’ and inserting ‘‘section 430(j)(4)(A)’’. (C) Section 401(a)(33) of the 1986 Code is amended— (i) by striking ‘‘section 412(c)(2)’’ in subparagraph (B)(iii) and inserting ‘‘section 412(d)(2)’’, and (ii) by striking ‘‘section 412(b)(2) (without regard to subparagraph (B) thereof)’’ in subparagraph ( D ) and inserting ‘‘section 412(b)(1), without regard to section 412(b)(2)’’. (D) Section 411 of the 1986 Code is amended— (i) by striking ‘‘section 412(c)(2)’’ in subsection (a)(3)(C) and inserting ‘‘section 412(d)(2)’’, and (ii) by striking ‘‘section 412(e)(2)’’ in subsection (d)(6)(A) and inserting ‘‘section 412(d)(2)’’. (E) Section 414(l)(2)(B)(i)(I) of the 1986 Code is amended to read as follows: ‘‘(I) the sum of the funding target and target normal cost determined under section 430, o v er’’. ( F ) Section 4971 of the 1986 Code is amended— (i) by striking ‘‘required minimum’’ in subsection (b)(1) and inserting ‘‘minimum required’’, (ii) by inserting ‘‘or unpaid minimum required con- tribution, whichever is applicable’’ after ‘‘accumulated funding deficiency’’ each place it appears in subsections (c)(3) and (d)(1), and (iii) by striking ‘‘section 412(a)(1)(A)’’ in subsection (e)(1) and inserting ‘‘section 412(a)(2)’’. (3) AMENDMENT TO 20 06 ACT.—Section 114 of the 2006 Act is amended by adding at the end the following new sub- section: ‘‘(g) E F FECTI V E DATES.— ‘‘(1) IN G ENERAL.— T he amendments made by this section shall apply to plan years beginning after 2007. ‘‘(2) E X CISE TAX.—The amendments made by subsection (e) shall apply to ta x able years beginning after 2007, but only with respect to plan years described in paragraph (1) which end with or within any such taxable year.’’. Ap p licab ili ty.26USC401no t e . 26USC4 97 1. 26 USC 414. 26 USC 411. 26 USC 401. 29USC1 3 71.
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