CLARIFICATION OF RETIREMENT INCOME ACCOUNT RULES RELATING TO CHURCH-CONTROLLED ORGANIZATIONS.

SEC. 111. CLARIFICATION OF RETIREMENT INCOME ACCOUNT RULES RELATING TO CHURCH-CONTROLLED ORGANIZATIONS. (a) [26 U.S.C. 403] In General.—Subparagraph (B) of section 403(b)(9) of the Internal Revenue Code of 1986is amended by inserting “(including an employee described in section 414(e)(3)(B))” after “employee described in paragraph (1)”. (b) [26 U.S.C. 403 note] Effective Date.—The amendment made by this section shall apply to years beginning before, on, or after the date of the enactment of this Act.