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TREAS/IRS RIN: 1545-BH72 Publication ID: Spring 2023 
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: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
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 and Notice of Public Hearing  06/22/2016  81 FR 40548   
NPRM Comment Period End  09/20/2016 
Second NPRM  10/00/2023 
Additional Information: REG-147196-07 (NPRM) Drafter attorney: Ilya E. Enkishev (202) 317-5600 Reviewer attorney: Thomas Scholz (202) 317-5600 Treasury attorney: Boyd Brown (771) 201-0022 CC:EEE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: Governmental Jurisdictions, Organizations  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Ilya E. Enkishev
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5039,
Washington, DC 20224
Phone:202 317-4598
Fax:885 595-5263