EMPLOYEE PLANS

Notice 2022-31, page 85.

This notice provides guidance regarding the changes made by section 9707 of the American Rescue Plan Act of 2021 to the election of alternative minimum funding standards under section 430(m) of the Internal Revenue Code for a defined benefit pension plan that is a community newspaper plan or any other plan that is sponsored by an eligible newspaper plan sponsor.

EXCISE TAX

Rev. Proc. 2022-26, page 90.

The Infrastructure Investment and Jobs Act, Public Law 117-58, 135 Stat. 429 (November 15, 2021), reinstates the Superfund excise taxes imposed by sections 4661 and 4671 of the Internal Revenue Code, effective July 1, 2022. This revenue procedure provides the exclusive procedures for importers, exporters, and interested persons to request a determination under § 4672(a)(2) of the Internal Revenue Code (Code) that a substance be added to or removed from the list of taxable substances under § 4672(a) of the Code.

26 CFR 601.601: Rules and Regulations.

(Also Part I, §§ 4672; 52.0-1.)