ELIMINATION OF ADDITIONAL TAX ON CORRECTIVE DISTRIBUTIONS OF EXCESS CONTRIBUTIONS.

SEC. 333. ELIMINATION OF ADDITIONAL TAX ON CORRECTIVE DISTRIBUTIONS OF EXCESS CONTRIBUTIONS.(a) In General.—Subparagraph (A) of section 72(t)(2) is amended—(1) by striking “or” at the end of clause (vii); (2) by striking the period at the end of clause (viii) and inserting “, or”; and (3) by inserting after clause (viii) the following new clause:“(ix) attributable to withdrawal of net income attributable to a contribution which is distributed pursuant to section 408(d)(4).” . (b) Effective Date.—The amendments made by this section shall apply to any determination of, or affecting, liability for taxes, interest, or penalties which is made on or after the date of the enactment of this Act, without regard to whether the act (or failure to act) upon which the determination is based occurred before such date of enactment. Notwithstanding the preceding sentence, nothing in the amendments made by this section shall be construed to create an inference with respect to the law in effect prior to the effective date of such amendments.