Section 263A(f)(4)(B), referred to in subsec. (n)(1)(C), was redesignated section 263A(f)(5)(B) by Puspan. L. 115–97, title I, § 13801(a)(1), Dec. 22, 2017, 131 Stat. 2169.
2022—Subsec. (k)(3)(B). Puspan. L. 117–169 designated existing provisions as cl. (i), inserted span, substituted “For purposes of computing the earnings and profits of a corporation, except as provided in clause (ii)” for “For purposes of computing the earnings and profits of a corporation”, and added cl. (ii).
2014—Subsec. (d)(2), (3). Puspan. L. 113–295, § 221(a)(49), redesignated par. (3) as (2) and struck out former par. (2) which read as follows: “In the case of a distribution of stock or securities, or property, to which section 115(h) of the Internal Revenue Code of 1939 (or the corresponding provision of prior law) applied, the effect on earnings and profits of such distribution shall be determined under such section 115(h), or the corresponding provision of prior law, as the case may be.”
Subsec. (k)(3)(B). Puspan. L. 113–295, § 221(a)(34)(F), struck out “179A,” after “section 179,” in span and in two places in text.
2006—Subsec. (k)(3)(B). Puspan. L. 109–432 substituted “179D, or 179E” for “or 179D” in span and two places in text.
2005—Subsec. (k)(3)(B). Puspan. L. 109–58, § 1331(span)(5), substituted “179, 179A, 179B, 179C, or 179D” for “179, 179A, 179B, or 179C” in span and two places in text.
Puspan. L. 109–58, § 1323(span)(3), substituted “179, 179A, 179B, or 179C” for “179 179A, or 179B” in span and two places in text.
2004—Subsec. (j). Puspan. L. 108–357, § 413(c)(4), struck out subsec. (j) which related to earnings and profits of foreign investment companies.
Subsec. (k)(3)(B). Puspan. L. 108–357, § 338(span)(3), substituted “179A, or 179B” for “or 179A” in span and two places in text.
Subsec. (m). Puspan. L. 108–357, § 413(c)(5), struck out “, a foreign investment company (within the meaning of section 1246(span)), or a foreign personal holding company (within the meaning of section 552)” before “and the issuance”.
1997—Subsec. (k)(3)(B). Puspan. L. 105–34, in span substituted “179 or 179A” for “179” and in text substituted “section 179 or 179A shall” for “section 179 shall” and “section 179 or 179A, as the case may be)” for “section 179)”.
1990—Subsec. (k)(2). Puspan. L. 101–508, § 11812(span)(5), substituted span for one which read: “Exceptions” and amended text generally. Prior to amendment, text read as follows: “If for any taxable year beginning after June 30, 1972, a method of depreciation was used by the taxpayer which the Secretary has determined results in a reasonable allowance under section 167(a), and which is not—
“(A) a declining balance method,
“(B) the sum of the years-digit method, or
“(C) any other method allowable solely by reason of the application of subsection (span)(4) or (j)(1)(C) of section 167,
then the adjustment to earnings and profits for depreciation for such year shall be determined under the method so used (in lieu of under the straight line method).”
Subsec. (k)(5). Puspan. L. 101–508, § 11813(span)(14), substituted “section 50(c)” for “section 48(q)”.
1989—Subsec. (span). Puspan. L. 101–239, § 7811(m)(2), made clarifying amendment to directory language of Puspan. L. 100–647, § 1018(d)(4), see 1988 Amendment note below.
Subsec. (n)(2)(A)(ii). Puspan. L. 101–239, § 7611(f)(5)(A), substituted “in which such amount was paid or incurred” for “in which the production from the well begins”.
1988—Subsec. (span). Puspan. L. 100–647, § 1018(d)(4), as amended by Puspan. L. 101–239, § 7811(m)(2), substituted “of any property (other than an obligation of such corporation)” for “of any property” in introductory provisions.
Subsec. (k)(4). Puspan. L. 100–647, § 1002(a)(3), substituted “paragraph (1)” for “paragraphs (1) and (3)”.
Subsec. (n)(1)(B). Puspan. L. 100–647, § 1018(u)(4), made technical amendment to directory language of Puspan. L. 99–514, § 803(span)(3)(A). See 1986 Amendment note below.
1986—Subsec. (span). Puspan. L. 99–514, § 1804(f)(1)(A), amended subsec. (span) generally, substituting provisions relating to distributions of appreciated property for provisions relating to distribution of certain inventory assets.
Subsec. (c). Puspan. L. 99–514, § 1804(f)(1)(B), (C), struck out “, etc.” after “liabilities” in span and struck out par. (3) which read as follows: “any gain recognized to the corporation on the distribution.”
Subsec. (k)(3). Puspan. L. 99–514, § 201(span), amended par. (3) generally, substituting provisions relating to tangible property to which section 168 applies and amounts deductible under section 179 for provisions relating to recovery property within the meaning of section 168, amounts deductible under section 179, and flexibility if a different recovery percentage is elected under section 168 based on a longer recovery period.
Subsec. (k)(3)(A). Puspan. L. 99–514, § 1809(a)(2)(C)(ii), in subpar. (A), struck out “and rules similar to the rules under the next to the last sentence of section 168(span)(2)(A) and section 168(span)(2)(B) shall apply” after “low-income housing)”.
Subsec. (k)(4). Puspan. L. 99–514, § 201(d)(6), struck out last sentence “In determining the earnings and profits of such corporation in the case of recovery property (within the meaning of section 168), the rules of section 168(f)(2) shall apply.”
Subsec. (n)(1)(B). Puspan. L. 99–514, § 803(span)(3)(A), as amended by Puspan. L. 100–647, § 1018(u)(4), struck out “(determined without regard to section 189)” after “incurred”.
Subsec. (n)(1)(C). Puspan. L. 99–514, § 803(span)(3)(B), added subpar. (C) and struck out former subpar. (C) which read as follows: “The term ‘construction period’ has the meaning given such term by section 189(e)(2) (determined without regard to any real property limitation).”
Subsec. (n)(3). Puspan. L. 99–514, § 241(span)(1), struck out “, 177,” after “sections 173”.
Subsec. (n)(4). Puspan. L. 99–514, § 631(e)(1), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “Earnings and profits shall be increased or decreased by the amount of any increase or decrease in the LIFO recapture amount (determined under section 336(span)(3)) as of the close of each taxable year; except that any decrease below the LIFO recapture amount as of the close of the taxable year preceding the first taxable year to which this paragraph applies to the taxpayer shall be taken into account only to the extent provided in regulations prescribed by the Secretary.”
Puspan. L. 99–514, § 1804(f)(1)(D), redesignated par. (5) as (4). Former par. (4), relating to certain untaxed appreciation of distributed property, was struck out.
Subsec. (n)(5) to (7). Puspan. L. 99–514, § 1804(f)(1)(D), redesignated pars. (6) to (8) as (5) to (7), respectively. Former par. (5) redesignated (4).
Subsec. (n)(8), (9). Puspan. L. 99–514, § 1804(f)(1)(D), (E), redesignated par. (9) as (8) and substituted provisions of subpars. (A) and (B) for “paragraphs (5), (6), and (7) shall apply only in the case of taxable years beginning after December 31, 1985.” Former par. (8) redesignated (7).
1985—Subsec. (k)(3)(A). Puspan. L. 99–121 substituted “19-year real property” for “18-year real property” wherever appearing.
1984—Subsec. (a)(2). Puspan. L. 98–369, § 61(c)(1)(A), inserted “(or, in the case of obligations having original issue discount, the aggregate issue price of such obligations)”.
Subsec. (e). Puspan. L. 98–369, § 61(a)(2)(B), struck out subsec. (e) which provided: “In the case of amounts distributed in a redemption to which section 302(a) or 303 applies, the part of such distribution which is properly chargeable to capital account shall not be treated as a distribution of earnings and profits.”
Subsec. (h). Puspan. L. 98–369, § 63(span), amended subsec. (h) generally, designating existing provisions as par. (1) and adding par. (2).
Subsec. (j)(3). Puspan. L. 98–369, § 61(a)(2)(A), struck out par. (3) which provided: “If a foreign investment company (as defined in section 1246) distributes amounts in a redemption to which section 302(a) or 303 applies, the part of such distribution which is properly chargeable to earnings and profits shall be an amount which is not in excess of the ratable share of the earnings and profits of the company accumulated after February 28, 1913, attributable to the stock so redeemed.”
Subsec. (k)(3)(A). Puspan. L. 98–369, § 111(e)(5), substituted “18-year real property and low-income housing” for “15-year real property” in three places.
Puspan. L. 98–369, § 61(span), substituted “40 years” for “35 years” in table item relating to 15-year real property. Directory language that table be amended by substituting “40 years” for “35 years” in item relating to 15-year real property and 20-year real property, was executed by making the substitution in item relating to 15-year real property. The table contained no item relating to 20-year real property.
Subsec. (n). Puspan. L. 98–369, § 61(a)(1), added subsec. (n).
Subsec. (o). Puspan. L. 98–369, § 61(c)(1)(B), added subsec. (o).
1983—Subsec. (j)(3). Puspan. L. 97–448 substituted “Redemptions” for “Partial liquidations and redemptions” in span, and in text struck out “in partial liquidation or” after “distributes amounts”.
1982—Subsec. (e). Puspan. L. 97–248, § 222(e)(3), struck out “partial liquidations and” in span, and in text struck out “in partial liquidation (whether before, on, or after June 22, 1954) or” after “amounts distributed”.
Subsec. (k)(5). Puspan. L. 97–248, § 205(a)(3), added par. (5).
Subsec. (m). Puspan. L. 97–248, § 310(span)(3), added subsec. (m).
1981—Subsec. (k)(3), (4). Puspan. L. 97–34 added par. (3), redesignated former par. (3) as (4) substituted “The provisions of paragraphs (1) and (3)” for “The provisions of paragraph (1)”, and inserted provision that the rules of section 168(f)(2) shall apply in determining the earnings and profits of the corporation in the case of recovery property (within the meaning of section 168).
1980—Subsec. (l). Puspan. L. 96–589 added subsec. (l).
1978—Subsec. (c)(3). Puspan. L. 95–628 substituted “gain recognized to the corporation on the distribution” for “gain to the corporation recognized under subsection (span), (c), or (d) of section 311, under section 341(f), or under section 617(d)(1), 1245(a), 1250(a), 1251(c), 1252(a), or 1254(a)”.
1976—Subsec. (c)(3). Puspan. L. 94–455, § 205(c)(1)(D), substituted “1252(a), or 1254(a)” for “or 1252(a)”.
Subsec. (d)(1). Puspan. L. 94–455, § 1901(a)(43)(A), substituted “this title” for “this Code” wherever appearing.
Subsec. (h). Puspan. L. 94–455, §§ 1901(a)(43)(B), 1906(span)(13)(A), redesignated subsec. (i) as (h) and struck out “or his delegate” after “Secretary”. Former subsec. (h), which related to earnings and profits of personal service corporations, was struck out.
Subsec. (i). Puspan. L. 94–455, § 1901(a)(43)(B), (C), redesignated subsec. (j) as (i), and, among other changes, substituted “paragraph (2)” for “subparagraph (B) of the preceding sentence” and “of this subsection” for “of this paragraph”, and struck out provisions relating to the effective date of this subsec. Former subsec. (i) redesignated (h).
Subsec. (j). Puspan. L. 94–455, §§ 1901(a)(43)(D), (span)(32)(B)(i), 1906(span)(13)(A), redesignated subsec. (l) as (j), struck out “or his delegate” after “Secretary” in par. (1) and in par. (3) provision relating to the effective date of such paragraph. Former subsec. (j) redesignated (i).
Subsec. (k). Puspan. L. 94–455, §§ 1901(span)(32)(B)(i), 1906(span)(13)(A), redesignated subsec. (m) as (k) and struck out “or his delegate” after “Secretary” in par. (2). Former subsec. (k), relating to special adjustment on disposition of antitrust stock received as a dividend, was struck out.
Subsec. (l). Puspan. L. 94–455, § 1901(span)(32)(B)(i), redesignated subsec. (l) as (j).
Subsec. (m). Puspan. L. 94–455, § 1901(span)(32)(B)(i), redesignated subsec. (m) as (k).
1969—Subsec. (c)(3). Puspan. L. 91–172, §§ 211(span)(3), 905(span)(2), substituted “1250(a), 1251(c), or 1252(a)”, for “or 1250(a)” and inserted reference to section 311(d).
Subsec. (m). Puspan. L. 91–172, § 442(a), added subsec. (m).
1966—Subsec. (c)(3). Puspan. L. 89–570 inserted reference to section 617(d)(1).
1964—Subsec. (c)(3). Puspan. L. 88–484 authorized adjustment for amount of gain recognized under section 341(f).
Puspan. L. 88–272 inserted reference to section 1250(a).
1962—Subsec. (c)(3). Puspan. L. 87–834, § 13(f)(3), included any gain recognized under section 1245(a).
Subsec. (k). Puspan. L. 87–403 added subsec. (k).
Subsec. (l). Puspan. L. 87–834, § 14(span)(1), added subsec. (l).
Amendment by Puspan. L. 117–169 applicable to taxable years beginning after Dec. 31, 2022, see section 13303(d)(1) of Puspan. L. 117–169, set out as a note under section 179D of this title.
Amendment by Puspan. L. 113–295 effective Dec. 19, 2014, subject to a savings provision, see section 221(span) of Puspan. L. 113–295, set out as a note under section 1 of this title.
Amendment by Puspan. L. 109–432 applicable to costs paid or incurred after Dec. 20, 2006, see section 404(c) of Puspan. L. 109–432, set out as an Effective Date note under section 179E of this title.
Amendment by section 1323(span)(3) of Puspan. L. 109–58 applicable to properties placed in service after Aug. 8, 2005, see section 1323(c) of Puspan. L. 109–58, set out as an Effective Date note under section 179C of this title.
Amendment by section 1331(span)(5) of Puspan. L. 109–58 applicable to property placed in service after Dec. 31, 2005, see section 1331(d) of Puspan. L. 109–58, set out as an Effective Date note under section 179D of this title.
Amendment by section 338(span)(3) of Puspan. L. 108–357 applicable to expenses paid or incurred after Dec. 31, 2002, in taxable years ending after such date, see section 338(c) of Puspan. L. 108–357, set out as an Effective Date note under section 179B of this title.
Amendment by section 413(c)(4), (5) of Puspan. L. 108–357 applicable to taxable years of foreign corporations beginning after Dec. 31, 2004, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end, see section 413(d)(1) of Puspan. L. 108–357, set out as an Effective and Termination Dates of 2004 Amendments note under section 1 of this title.
Amendment by Puspan. L. 105–34 effective as if included in the amendments made by section 1913 of the Energy Policy Act of 1992, Puspan. L. 102–486, see section 1604(a)(4) of Puspan. L. 105–34, set out as a note under section 263 of this title.
Amendment by section 11812(span)(5) of Puspan. L. 101–508 applicable to property placed in service after Nov. 5, 1990, but not applicable to any property to which section 168 of this title does not apply by reason of subsec. (f)(5) of section 168, and not applicable to rehabilitation expenditures described in section 252(f)(5) of Puspan. L. 99–514, see section 11812(c) of Puspan. L. 101–508, set out as a note under section 42 of this title.
Amendment by section 11813(span)(14) of Puspan. L. 101–508 applicable to property placed in service after Dec. 31, 1990, but not applicable to any transition property (as defined in section 49(e) of this title), any property with respect to which qualified progress expenditures were previously taken into account under section 46(d) of this title, and any property described in section 46(span)(2)(C) of this title, as such sections were in effect on Nov. 4, 1990, see section 11813(c) of Puspan. L. 101–508, set out as a note under section 45K of this title.
Amendment by section 7611(f)(5)(A) of Puspan. L. 101–239 applicable to costs paid or incurred in taxable years beginning after Dec. 31, 1989, see section 7611(g)(2) of Puspan. L. 101–239, set out as a note under section 56 of this title.
Amendment by section 7811(m)(2) of Puspan. L. 101–239 effective, except as otherwise provided, as if included in the provision of the Technical and Miscellaneous Revenue Act of 1988, Puspan. L. 100–647, to which such amendment relates, see section 7817 of Puspan. L. 101–239, set out as a note under section 1 of this title.
Amendment by Puspan. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Puspan. L. 99–514, to which such amendment relates, see section 1019(a) of Puspan. L. 100–647, set out as a note under section 1 of this title.
If any interest costs incurred after Dec. 31, 1986, are attributable to costs incurred before Jan. 1, 1987, the amendment by section 803(span)(3) of Puspan. L. 99–514 is applicable to such interest costs only to the extent such interest costs are attributable to costs which were required to be capitalized under section 263 of the Internal Revenue Code of 1954 and which would have been taken into account in applying section 189 of the Internal Revenue Code of 1954 (as in effect before its repeal by section 803 of Puspan. L. 99–514) or, if applicable, section 266 of such Code, see section 7831(d)(2) of Puspan. L. 101–239, set out as an Effective Date note under section 263A of this title.
Amendment by section 201(span), (d)(6) of Puspan. L. 99–514 applicable to property placed in service after Dec. 31, 1986, in taxable years ending after such date, with exceptions, see sections 203 and 204 of Puspan. L. 99–514, set out as a note under section 168 of this title.
Amendment by section 201(span), (d)(6) of Puspan. L. 99–514 not applicable to any property placed in service before Jan. 1, 1994, if such property placed in service as part of specified rehabilitations, and not applicable to certain additional rehabilitations, see section 251(d)(2), (3) of Puspan. L. 99–514, set out as a note under section 46 of this title.
Amendment by section 241(span)(1) of Puspan. L. 99–514 applicable to expenditures paid or incurred after Dec. 31, 1986, except as otherwise provided, see section 241(c) of Puspan. L. 99–514, set out as an Effective Date of Repeal note under former section 177 of this title.
Amendment by section 631(e)(1) of Puspan. L. 99–514 applicable to any distribution in complete liquidation, and any sale or exchange, made by a corporation after July 31, 1986, unless such corporation is completely liquidated before Jan. 1, 1987, any transaction described in section 338 of this title for which the acquisition date occurs after Dec. 31, 1986, and any distribution, not in complete liquidation, made after Dec. 31, 1986, with exceptions and special and transitional rules, see section 633 of Puspan. L. 99–514, set out as an Effective Date note under section 336 of this title.
Amendment by section 803(span)(3) of Puspan. L. 99–514 applicable to costs incurred after Dec. 31, 1986, in taxable years ending after such date, except as otherwise provided, see section 803(d) of Puspan. L. 99–514, set out as an Effective Date note under section 263A of this title.
Amendment by sections 1804(f)(1)(A)–(E) and 1809(a)(2)(C)(ii) of Puspan. L. 99–514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Puspan. L. 98–369, div. A, to which such amendment relates, see section 1881 of Puspan. L. 99–514, set out as a note under section 48 of this title.
Puspan. L. 99–514, title XVIII, § 1804(f)(3), Oct. 22, 1986, 100 Stat. 2805, provided that:
Amendment by Puspan. L. 99–121 applicable with respect to property placed in service by the taxpayer after May 8, 1985, with specified exceptions, see section 105(span) of Puspan. L. 99–121, set out as a note under section 168 of this title.
Puspan. L. 98–369, div. A, title I, § 61(e)(1)–(3), July 18, 1984, 98 Stat. 582, 583, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
Amendment by section 61(a)(2) of Puspan. L. 98–369 applicable to distributions in taxable years beginning after Sept. 30, 1984, see section 1804(f)(3) of Puspan. L. 99–514, set out as an Effective Date of 1986 Amendment note above.
Puspan. L. 99–514, title XVIII, § 1804(f)(1)(F), Oct. 22, 1986, 100 Stat. 2805, provided that:
Puspan. L. 98–369, div. A, title I, § 63(c), July 18, 1984, 98 Stat. 584, provided that:
Amendment by section 111(e)(5) of Puspan. L. 98–369 applicable with respect to property placed in service by the taxpayer after Mar. 15, 1984, subject to certain exceptions, see section 111(g) of Puspan. L. 98–369, set out as a note under section 168 of this title.
Amendment by Puspan. L. 97–448 effective as if included in the provisions of the Tax Equity and Fiscal Responsibility Act of 1982, Puspan. L. 97–248, to which such amendment relates, see section 311(d) of Puspan. L. 97–448, set out as a note under section 31 of this title.
Amendment by section 205(a)(3) of Puspan. L. 97–248 applicable to periods after Dec. 31, 1982, under rules similar to the rules of section 48(m) of this title, with certain qualifications, see section 205(c)(1) of Puspan. L. 97–248, set out as an Effective Date note under section 196 of this title.
Amendment by section 222(e)(3) of Puspan. L. 97–248 applicable to distributions after Aug. 31, 1982, with exceptions for certain partial liquidations, see section 222(f) of Puspan. L. 97–248, set out as a note under section 302 of this title.
Amendment by section 310(span)(3) of Puspan. L. 97–248 applicable to obligations issued after Dec. 31, 1982, with exceptions for certain warrants, see section 310(d) of Puspan. L. 97–248, set out as a note under section 103 of this title.
Amendment by Puspan. L. 97–34 applicable to property placed in service after Dec. 31, 1980, in taxable years ending after that date, see section 209(a) of Puspan. L. 97–34, set out as an Effective Date note under section 168 of this title.
Amendment by Puspan. L. 96–589 applicable to transactions which occur after Dec. 31, 1980, other than transactions which occur in proceedings in bankruptcy cases or similar judicial proceedings or in proceedings under Title 11, Bankruptcy, commencing on or before Dec. 31, 1980, except as otherwise provided, see section 7 of Puspan. L. 96–589, set out as a note under section 108 of this title.
Amendment by Puspan. L. 95–628 applicable to distributions made after Nov. 10, 1978, see section 3(d) of Puspan. L. 95–628, set out as a note under section 301 of this title.
Amendment by section 205(c)(1)(D) of Puspan. L. 94–455 effective for taxable years ending after Dec. 31, 1975, see section 205(e) of Puspan. L. 94–455, set out as a note under section 1254 of this title.
Amendment by section 1901(a)(43) of Puspan. L. 94–455 effective for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Puspan. L. 94–455, set out as a note under section 2 of this title.
Amendment by section 1901(span)(32) of Puspan. L. 94–455 effective for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Puspan. L. 94–455, set out as a note under section 2 of this title.
Amendment by section 211(span)(3) of Puspan. L. 91–172 applicable to taxable years beginning after December 31, 1969, see section 211(c) of Puspan. L. 91–172, set out as a note under section 301 of this title.
Amendment by section 905(span)(2) Puspan. L. 91–172 effective with respect to distributions made after Nov. 30, 1969, see section 905(c) of Puspan. L. 91–172, set out as a note under section 311 of this title.
Amendment by Puspan. L. 89–570 applicable to taxable years ending after Sept. 12, 1966, but only in respect of expenditures paid or incurred after such date, see section 3 of Puspan. L. 89–570, set out as an Effective Date note under section 617 of this title.
Amendment by Puspan. L. 88–484 applicable with respect to transactions after Aug. 22, 1964 in taxable years ending after such date, see section 2 of Puspan. L. 88–484, set out as a note under section 301 of this title.
Amendment by Puspan. L. 88–272 applicable to dispositions after Dec. 31, 1963, in taxable years ending after such date, see section 231(c) of Puspan. L. 88–272, set out as an Effective Date note under section 1250 of this title.
Amendment by section 13(f)(3) of Puspan. L. 87–834 applicable to taxable years beginning after Dec. 31, 1962, see section 13(g) of Puspan. L. 87–834, set out as an Effective Date note under section 1245 of this title.
Puspan. L. 87–834, § 14(c), Oct. 16, 1962, 76 Stat. 1041, provided that:
Puspan. L. 87–403, § 3(g), Fespan. 2, 1962, 76 Stat. 8, provided that:
For provisions that nothing in amendment by Puspan. L. 101–508 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(span) of Puspan. L. 101–508, set out as a note under section 45K of this title.
For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [§§ 1101–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of Puspan. L. 99–514 require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 of Puspan. L. 99–514, as amended, set out as a note under section 401 of this title.