[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.501(c)(9)-8]

[Page 27]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.501(c)(9)-8  Voluntary employees' beneficiary associations; 
effective date.

    (a) General rule. Except as otherwise provided in this section, the 
provisions of Sec. Sec. 1.501(c)(9)-1 through 1.501(c)(9)-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 Sec. 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 Sec. Sec. 
1.501(c)(9)-1 through 1.501(c)(9)-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.

[T.D. 7750, 46 FR 1725, Jan. 7, 1981; 46 FR 11971, Feb. 12, 1981]