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					                                        CONFORMITY ESTIMATES FOR EDUCATION, IRA, AND PENSION ISSUES (12/10/01 )
                                                          Enactment assumed after June 30, 2002



  ACT                                                                                                        AFFECTED
SECTION                               PROVISION                                  EFFECTIVE       FOOTNOTES     TAX
                                                                                                                         2002-03         2003-04         2004-05
          Education Provisions
  401
          Education IRAs - increase annual contribution amount to $2,000         tyba 12/31/01     b/ c/       PIT                     baseline loss
  402     Qualified tuition plans - tax free distributions                       tyba 12/31/01      b/         PIT      negl. loss        -$0.5             -$1

          Individual Retirement Arrangement Provisions
  601     Modifying IRA Contribution Limits - increase the maximum
          contribution limit for traditional and Roth IRAs to: $3,000 in 2002
          through 2004, $4,000 in 2005 through 2007, and $5,000 in 2008;
          index in years thereafter                                              tyba 12/31/01     b/ c/       PIT          -$8             -$8            -$12
  601     IRA Catch-up Contributions - increase maximum contribution
          limits for traditional and Roth IRAs for individuals age 50 or older
          by $500 in 2002 and $1,000 in 2006                                     tyba 12/31/01     b/ c/       PIT          -$1            -$1             -$1
  602     Deemed IRAs under employee plans                                       pyba 12/31/02                 PIT           ---        negl. effect    negl. effect

          Provisions for Expanding Coverage
  611     Increase limitation on exclusion for elective deferrals to: $11,000
          in 2002, $12,000 in 2003, $13,000 in 2004, $14,000 in 2005, and
          $15,000 in 2006; index thereafter                                      yba 12/31/01     a/ b/ c/     PIT          -$2            -$10            -$16
  611     Increase limitation on SIMPLE elective contributions to: $7,000 in
          2002, $8,000 in 2003, $9,000 in 2004, and $10,000 in 2005; index
          thereafter                                                             yba 12/31/01        b/        PIT          -$1            -$1              -$2
  611     Increase defined benefit dollar limit to $160,000                      yba 12/31/01      a/ b/       PIT                     baseline loss
  611     Lower early retirement age to 62; lower normal retirement age to
          65                                                                     yba 12/31/01      a/ b/       PIT      negl. effect    negl. effect    negl. effect
  611     Increase annual addition limitation for defined contribution plans
          to $40,000 with indexing in $1,000 increments                          yba 12/31/01      a/ b/                    -$1             -$1             -$1
                                                                                                               PIT




                                                                                                                                                       Page 1 of 5
                                        CONFORMITY ESTIMATES FOR EDUCATION, IRA, AND PENSION ISSUES (12/10/01 )
                                                          Enactment assumed after June 30, 2002



  ACT                                                                                                          AFFECTED
SECTION                               PROVISION                                  EFFECTIVE         FOOTNOTES     TAX
                                                                                                                           2002-03      2003-04       2004-05
  611
          Increase qualified plan compensation limit to $200,000 with
          indexing in $5,000 increments and expand availability of qualified
          plans to self-employed individuals who are exempt from the self-     yba 12/31/01and
          employment tax by reason of their religious beliefs                   tyba 12/31/01        a/ b/       PIT         -$5          -$4           -$5
  611
          Increase limits on deferrals under deferred compensation plans of
          State and local governments and tax-exempt organizations to:
          $11,000 in 2002, $12,000 in 2003, $13,000 in 2004, $14,000 in
          2005, and $15,000 in 2006; index thereafter                           yba 12/31/01         b/ c/       PIT         -$3          -$3           -$3
  612     Plan loans for S corporation owners, partners, and sole
          proprietors                                                           yba 12/31/01                     Both        n/a          n/a           n/a
  613     Modify top-heavy rules                                                yba 12/31/01         a/ b/       Both     minor loss   minor loss    minor loss
  614     Elective deferrals not taken into account for purposes of
          deduction limits                                                      yba 12/31/01        a/ b/ c/     Both        -$4          -$3           -$3
  615     Repeal of coordination requirements for deferred compensation
          plans of State and local governments and tax-exempt
          organizations                                                         yba 12/31/01           b/        PIT         -$1          -$1           -$1
  616
          Definition of compensation for puropses of deduction limit            yba 12/31/01           a/        Corp     negl. loss   negl. loss    negl. loss
  616     Increase stock bonus and profit sharing plan deduction limit from
          15% to 25%                                                            tyba 12/31/01        a/ b/       Both        -$1          -$1           -$1
  617
          Option to treat elective deferrals as after-tax Roth contributions    yba 12/31/05                                 ---          ---           ---
  618     Nonrefundable credit to certain individuals for elective deferrals
          and IRA contributions (sunset 12/31/06)                               tyba 12/31/01                                n/a          n/a           n/a
  619     Small business (100 or fewer employees) tax credit for new            qualified plans
          retirement plan expenses - first 3 years of the plan                 established after                             n/a          n/a           n/a
                                                                                   12/31/01




                                                                                                                                                    Page 2 of 5
                                        CONFORMITY ESTIMATES FOR EDUCATION, IRA, AND PENSION ISSUES (12/10/01 )
                                                          Enactment assumed after June 30, 2002



  ACT                                                                                                          AFFECTED
SECTION                               PROVISION                                   EFFECTIVE        FOOTNOTES     TAX
                                                                                                                           2002-03          2003-04          2004-05
  620     Eliminate user fee for certain requests regarding small employer
          pension plans with at least one non-highly compensated
          employee                                                               rma 12/31/01                                n/a              n/a               n/a
  621     Treatment of nonresident aliens engaged in international
          transportation services                                                tyba 12/31/01                               n/a              n/a               n/a
          Provisions for Enhancing Fairness for Women
  631
          Additional catch-up contributions for individuals age 50 or older -
          increase the otherwise applicable contribution limit for all plans
          other than SIMPLE by $1,000 in 2002, $2,000 in 2003, $3,000 in
          2004, $4,000 in 2005, and $5,000 in 2006; SIMPLE plan catch-
          ups would be 50% of that applicable to other plans;
          (nondiscrimination rules would not apply)                              tyba 12/31/01      a/ b/ c/     PIT        -$10              -$7               -$5
  632     Equitable treatment for contributions of employees to defined
          contribution plans                                                      yba 12/31/01      a/ b/ c/     PIT         -$4              -$3               -$3
  633     Faster vesting of certain employer matching contributions             cf pyba 12/31/01     a/ b/       PIT      negl. loss       negl. loss        negl. loss
  634     Simplify and update the minimum distribution rules by modifying
          post-death distribution rules                                          yba 12/31/01                    PIT                   negl. baseline loss
  635     Clarify tax treatment of division of section 457 plan benefits upon
          divorce                                                               tdapma 12/31/01                  PIT                      negl. effect
  636     Modify safe harbor relief for hardship withdrawals from 401(k)
          plans                                                                  yba 12/31/01          a/        PIT                      negl. effect
  637     Waiver of tax on nondeductible contributions for domestic or
          similar workers                                                        tyba 12/31/01                               n/a              n/a               n/a

          Provisions for Increasing Portability for Participants
  641     Rollovers allowed among governmental section 457 plans,                                                                          negligible        negligible
          section 403(b) plans, and qualified plans                               da 12/31/01        a/ b/       PIT      minor loss         loss              loss
  642     Rollovers of IRAs to workplace retirement plans                         da 12/31/01        a/ b/       PIT                      negl. effect




                                                                                                                                                         Page 3 of 5
                                        CONFORMITY ESTIMATES FOR EDUCATION, IRA, AND PENSION ISSUES (12/10/01 )
                                                          Enactment assumed after June 30, 2002



  ACT                                                                                                         AFFECTED
SECTION                               PROVISION                                 EFFECTIVE         FOOTNOTES     TAX
                                                                                                                         2002-03        2003-04         2004-05
  643     Rollovers of after-tax retirement plan contributions                 dma 12/31/01         a/ b/       PIT                    negl. effect
  644     Waiver of 60-day rule                                                 da 12/31/01                     PIT                    negl. effect
  645     Treatment of forms of qualified plan distributions                   yba 12/31/01         a/ b/       PIT                    negl. effect
  646     Rationalization of restrictions on distributions                      da 12/31/01          a/         PIT                    negl. effect
  647
          Purchase of service credit in governmental defined benefit plans      ta 12/31/01         a/ b/       PIT                    negl. effect
  648     Employers may disregard rollovers for cash-out amounts                da 12/31/01         a/ b/       PIT                    negl. effect
  649     Minimum distribution and inclusion requirements for section 457
          plans                                                                 da 12/31/01          b/                      considered in other provisions

          Provisions for Strengthening Pension Security and Enforcement
651/652   Phase-in repeal of 160% of current liability funding limit; extend
          maximum deduction rule                                               pyba 12/31/01        a/ b/       Corp        -$1           -$1             -$1
  653     Excise tax relief for sound pension funding                           yba 12/31/01                    Corp        n/a           n/a             n/a
  654     Repeal 100% of compensation limit for multi-employer plans            yba 12/31/01        a/ b/       Corp     negl. loss    negl. loss      negl. loss
  654     Modify section 415 aggregation rules for multi-employer plans        tyba 12/31/01        a/ b/       Corp     negl. loss    negl. loss      negl. loss
  655     Investment of employee contributions in 401(k) plans                   aiii TRA '97                               n/a           n/a             n/a
  656     Prohibited allocations of stock in an ESOP S corporation             plan years after                          negligible    negligible      minor gain
                                                                                  12/31/01           a/         Corp       gain          gain
                                                                                                                                       negligible
  657     Automatic rollovers of certain mandatory distributions                  dma frap           a/         Corp        ---           loss            -$1
  658     Clarify treatment of contributions to multi-employer plans              yea DOE                       Corp                  baseline loss
  659     Notice of significant reduction in plan benefit accruals              pateo/a DOE                                 n/a            n/a            n/a

          Provisions for Reducing Regulatory Burdens
  661     Modify timing of plan valuations                                     pyba 12/31/01         a/                               baseline loss
  662     ESOP dividends may be reinvested without loss of dividend
          deduction                                                            tyba 12/31/01         a/         Corp        -$2            -$2            -$2




                                                                                                                                                      Page 4 of 5
                                             CONFORMITY ESTIMATES FOR EDUCATION, IRA, AND PENSION ISSUES (12/10/01 )
                                                               Enactment assumed after June 30, 2002



  ACT                                                                                                                AFFECTED
SECTION                                    PROVISION                               EFFECTIVE         FOOTNOTES            TAX
                                                                                                                                       2002-03          2003-04       2004-05
   663      Repeal transition rule relating to certain highly compensated
            employees                                                             pyba 12/31/01                                        negl. loss     negl. loss     negl. loss
   664      Employees of tax-exempt entities                                           DOE                                                           negl. effect
   665      Treatment of employer-provided retirement advice                       yba 12/31/01                                                      negl. effect
   666      Repeal of multiple use test                                            yba 12/31/01                                             considered in other provisions

            Total                                                                                                                        -$44            -$48          -$59

NOTE: Details may not add to totals due to rounding.

a/ = ERISA implications
b/ = Without conforming legislation, existing plans potentially could be disqualified.
c/ = Baseline implication. Baseline revenue losses for eduction, IRA, and pension issues total ($ 40, $40, $60) million for FY 2002-3, 2003-4, 2004-5
     and 2004-05.
            aii TRA '97 = as if included in the Taxpayer Relief Act of 1997                          pyba = plan years beginning after
            da = distributions after                                                                 rma = requests made after
            cf = contributions for                                                                   ta = transfers after
            dma = distributions made after                                                           tdapma = transfers, distributions, and payments made after
            DOE = date of enactment                                                                  tyba = taxable years beginning after
            frap = Federal regulations are prescribed                                                yba = years beginning after
            pateo/a = plan amendments taking effect on or after                                      yea = years ending after
            PIT = Personal Income Tax                                                                Corp = Corporation Franchise and Income Tax




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