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The proposed regulations would provide guidance under 83(i). Section 83(i) was added to the Internal Revenue Code (Code) by 13603 of An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (Public Law 115-97, 131 stat. 2054, 2155 (2017)). Section 83(i) allows certain employees to elect to defer income that would otherwise be included under 83(a) upon the exercise of a stock option or settlement of a stock-settled restricted stock unit. Income subject to such an election may be deferred for up to five years, subject to certain limitations.