[Code of Federal Regulations]
[Title 26, Volume 17]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR54.4975-12]

[Page 272]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 54_PENSION EXCISE TAXES--Table of Contents
 
Sec. 54.4975-12  Definition of the term ``qualifying employer security''.

    (a) In general. For purposes of section 4975(e)(8) and this section, 
the term ``qualifying employer security'' means an employer security 
which is:
    (1) Stock or otherwise an equity security, or
    (2) A bond, debenture, note, or certificate or other evidence of 
indebtedness which is described in paragraphs (1), (2), and (3) of 
section 503(e).
    (b) Special rule. In determining whether a bond, debenture, note, or 
certificate or other evidence of indebtedness is described in paragraphs 
(1), (2), and (3) of section 503(e), any organization described in 
section 401(a) shall be treated as an organization subject to the 
provisions of section 503.

(Sec. 4975(e)(7) (88 Stat. 976; 26 U.S.C. 4975(e)(7)))

[T.D. 7506, 42 FR 44394, Sept. 2, 1977]