community newspaper plan
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 430 — for purposes of this section (2 versions over time)
The term “community newspaper plan” means any plan to which this section applies maintained as of December 31, 2018, by an employer which—
(i) maintains the plan on behalf of participants and beneficiaries with respect to employment in the trade or business of publishing 1 or more newspapers which were published by the employer at any time during the 11-year period ending on December 20, 2019,
(ii)
(I) is not a company the stock of which is publicly traded (on a stock exchange or in an over-the-counter market), and is not controlled, directly or indirectly, by such a company, or
(II) is controlled, directly or indirectly, during the entire 30-year period ending on December 20, 2019, by individuals who are members of the same family, and does not publish or distribute a daily newspaper that is carrier-distributed in printed form in more than 5 States, and
(iii) is controlled, directly or indirectly—
(I) by 1 or more persons residing primarily in a State in which the community newspaper has been published on newsprint or carrier-distributed,
(II) during the entire 30-year period ending on December 20, 2019, by individuals who are members of the same family,
(III) by 1 or more trusts, the sole trustees of which are persons described in subclause (I) or (II), or
(IV) by a combination of persons described in subclause (I), (II), or (III).
29 U.S.C. § 1083 — for purposes of this section (3 versions over time)
The term “community newspaper plan” means a plan to which this section applies maintained as of December 31, 2018, by an employer which—
(i) maintains the plan on behalf of participants and beneficiaries with respect to employment in the trade or business of publishing 1 or more newspapers which were published by the employer at any time during the 11-year period ending on December 20, 2019,
(ii)
(I) is not a company the stock of which is publicly traded (on a stock exchange or in an over-the-counter market), and is not controlled, directly or indirectly, by such a company, or
(II) is controlled, directly, or indirectly, during the entire 30-year period ending on December 20, 2019, by individuals who are members of the same family, and does not publish or distribute a daily newspaper that is carrier-distributed in printed form in more than 5 States, and
(iii) is controlled, directly, or indirectly—
(I) by 1 or more persons residing primarily in a State in which the community newspaper has been published on newsprint or carrier-distributed,
(II) during the entire 30-year period ending on December 20, 2019, by individuals who are members of the same family,
(III) by 1 or more trusts, the sole trustees of which are persons described in subclause (I) or (II), or
(IV) by a combination of persons described in subclause (I), (II), or (III).