To amend certain provisions of the FAA Modernization and Reform Act of 2012.

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the FAA Modernization and Reform Act of 2012, with respect to rollovers to a traditional or Roth individual retirement account (IRA) of payments to qualified airline employees in commercial airline carrier bankruptcy cases, to: (1) extend the period for filing a claim for refund of an overpayment of tax resulting from the receipt of such payments (i.e., by the later of April 15, 2015, or the expiration of the limitation period for filing refund claims); (2) modify the definition of "airline payment amount" to include payments in an airline carrier bankruptcy case filed after September 11, 2001, and before January 1, 2007, or on November 29, 2011; and (3) modify the definition of "qualified airline employee" to include an employee who was a participant in a defined benefit plan maintained by an airline carrier that was frozen effective November 1, 2012.

[113th Congress Public Law 243]
[From the U.S. Government Publishing Office]



[[Page 128 STAT. 2863]]

Public Law 113-243
113th Congress

                                 An Act


 
 To amend certain provisions of the FAA Modernization and Reform Act of 
              2012. <<NOTE: Dec. 18, 2014 -  [H.R. 2591]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. ROLLOVER OF AMOUNTS RECEIVED IN AIRLINE CARRIER 
                              BANKRUPTCY.

    (a) Extension of Time To File Claim for Refund.--Section 1106(a)(3) 
of the FAA Modernization and Reform Act of 2012 (26 U.S.C. 408 note) is 
amended by striking ``2013'' and inserting ``2015''.
    (b) Definitions and Special Rules.--Section 1106(c) of such Act is 
amended--
            (1) in paragraph (1)(A)(i) by inserting ``or filed on 
        November 29, 2011,'' after ``2007,''; and
            (2) in paragraph (2)(B)--
                    (A) by striking ``terminated or'' and inserting 
                ``terminated,''; and
                    (B) by inserting ``, or was frozen effective 
                November 1, 2012'' after ``Pension Protection Act of 
                2006''.

    Approved December 18, 2014.

LEGISLATIVE HISTORY--H.R. 2591 (S. 2614):
---------------------------------------------------------------------------

CONGRESSIONAL RECORD, Vol. 160 (2014):
            Dec. 11, considered and passed House.
            Dec. 13, considered and passed Senate.

                                  <all>