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TREAS/IRS RIN: 1545-BH72 Publication ID: Fall 2016 
Title: Deferred Compensation Plans of State and Local Governments and Tax-Exempt Entities 

The proposed regulations would provide guidance relating to the definitions of a bona fide severance pay plan under section 457(e)(11) of the Internal Revenue Code and substantial risk of forfeiture under section 457(f)(1)(B). These regulations would affect sponsors, administrators, participants, and beneficiaries of nonqualified deferred compensation plans of State and local governments and tax-exempt entities.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 1.457.1 to 1.457.12   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 457   
Legal Deadline:  None
Action Date FR Cite
NPRM  06/22/2016  81 FR 40548   
NPRM: Public Hearing  06/22/2016  81 FR 40549   
NPRM Comment Period End  09/20/2016 
Final Action  12/00/2016 
Additional Information: REG-147196-07 Drafting attorney: Keith R. Kost (202) 317-6799 Reviewing attorney: Treasury attorney: Robert Neis (202) 622-5293 CC:TEGE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: Governmental Jurisdictions, Organizations  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Keith R. Kost
Senior Technician Reviewer
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6799
Fax:855 604-6086