PUBLIC LAW 101-239—DEC. 19, 1989 103 STAT. 2353 (ii) by striking "or any decedent if the executor of the estate of such decedent makes a qualified sale to which section 2057 applies" in subparagraph (A)(i) thereof, and (iii) by striking "or the decedent" in subparagraph (A)(ii) thereof. (B) Paragraphs (2)(C)(i) and (SXAXii) of section 409(n) are each amended by striking "or section 2057". (C)(i) Section 4978A is hereby repealed, (ii) Section 4978(b)(2) is amended by striking "(determined as if such securities were disposed of in the order described in section 4978A(e))." and inserting "determined as if such securities were disposed of— "(A) first, from section 133 securities (as defined in sec- tion 4978B(e)(2)) acquired during the 3-year period ending on the date of such disposition, beginning with the securi- ties first so acquired. "(B) second, from section 133 securities (as so defined) acquired before such 3-year period unless such securities (or proceeds from the disposition) have been allocated to ac- counts of participants or beneficiaries." "(C) third, from qualified securities to which section 1042 applied acquired during the 3-year period ending on the date of the disposition, beginning with the securities first so acquired, and
- (D) then from any other employer securities.
If subsection (d) or section 4978B(d) applies to a disposition, the disposition shall be treated as made from employer securities in the opposite order of the preceding sentence.' (iii) The table of sections for chapter 43 is amended by striking the item relating to section 4978A. (D) Section 4979A is amended— (i) by striking "or section 2057" in subsection (b)(D, and (ii) by striking "or section 2057(d)" in subsection (c)(2). (E) The table of sections for part IV of subchapter A of chapter 11 is amended by striking the item relating to section 2057. (3) EFFECTIVE DATE.—The amendments made by this subsec- 26 USC 409 note, tion shall apply to the estates of decedents dying after the date of the enactment of this Act. (b) LIABILITY FOR PAYMENT OF ESTATE TAX. — (1) IN GENERAL.— Section 2210 (relating to liability for pay- ment in case of transfer of employer securities) is nereby re- pealed. ' (2) CONFORMING AMENDMENTS.— (A) Section 2002 is amended by striking "Except as pro- vided in section 2210, the" and inserting "The". (B) Section 6018 is amended by striking subsection (c). (C) The table of sections for subchapter C of chapter 11 is amended by striking the item relating to section 2210. (3) EFFECTIVE DATE.— The amendments made by this subsec- 26 USC 2002 tion shall apply to estates of decedents dying after July 12, 1989. °°*®- (c) LIMITATIONS ON DEFINED CONTRIBUTION PLANS. — (1) IN GENERAL. —Paragraph (6) of section 415(c) is amended to read as follows:�