permissible range
Defined in 3 places across 2 titles — 2 distinct definitions of the United States Code.
Except as provided in subclause (II), the term “permissible range” means a rate of interest which is not more than 5 percent above, and not more than 10 percent below, the weighted average of the rates of interest on 30-year Treasury securities during the 4-year period ending on the last day before the beginning of the plan year.
Same definition in 2 sections
- 2006–present26 U.S.C. § 431Internal Revenue Code · Minimum funding standards for multiemployer plans · for purposes of this section
- 2007–present29 U.S.C. § 1084Labor · Minimum funding standards for multiemployer plans · for purposes of this section
For purposes of this subparagraph, the term “permissible range” means a rate of interest which is not more than 20 percent above, and not more than 20 percent below, the average rate of interest for long-term corporate bonds in the appropriate country for the 15-year period ending on the last day before the beginning of the taxable year.
Source
- 1994–present26 U.S.C. § 404AInternal Revenue Code · Deduction for certain foreign deferred compensation plans · for purposes of this section