AMENDMENTS RELATED TO THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001.

SEC. 407. AMENDMENTS RELATED TO THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001.(a) Amendments Related to Section 617 of the Act.—(1) Clause (ii) of section 402(g)(7)(A) is amended to read as follows:“(ii) $15,000 reduced by the sum of—“(I) the amounts not included in gross income for prior taxable years by reason of this paragraph, plus“(II) the aggregate amount of designated Roth contributions (as defined in section 402A(c)) for prior taxable years, or”.(2) Subparagraph (A) of section 402(g)(1) is amended by inserting “to” after “shall not apply”.(b) Amendment Related to Section 632 of the Act.—Subparagraph (C) of section 415(c)(7) is amended by striking “the greater of $3,000” and all that follows and inserting “$3,000. This subparagraph shall not apply with respect to any taxable year to any individual whose adjusted gross income for such taxable year (determined separately and without regard to community property laws) exceeds $17,000.”.(c) Effective Date.—The amendments made by this section shall take effect as if included in the provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 to which they relate.