1.501(c)(9)-8. Voluntary employees' beneficiary
associations; effective date
(a) General rule. --Except as otherwise provided in this section,
the provisions of §§1.501(c)(9)-1 through 7 shall
apply with respect to taxable years beginning after December
31, 1954.
(b) Pre-1970 taxable years. --For taxable years
beginning before January 1, 1970, section 501(c)(9)(B) (relating
to the requirement that 85 percent or more of the association's
income consist of amounts collected from members and contributed
by employers), as in effect for such years, shall apply.
(c) Existing associations. --Except as otherwise
provided in paragraph (d), the provisions of §§1.501(c)(9)-2(a)(1)
and (c)(3) shall apply with respect to taxable years beginning
after December 31, 1980.
(d) Collectively-bargained plans. --In the case
of a voluntary employees' beneficiary association which receives
contributions from one or more employers pursuant to one or
more collective bargaining agreements in effect on December
31, 1980, the provisions of §§1.501(c)(9)-1 through
5 shall apply with respect to taxable years beginning after
the date on which the agreement terminates (determined without
regard to any extension thereof agreed to after December 31,
1980).
(e) Election. --Notwithstanding paragraphs (c)
and (d) of this section, an organization may choose to be subject
to all or a portion of one or more of the provisions of these
regulations for any taxable year beginning after December 31,
1954. [Reg. §1.501(c)(9)-8.]
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