• New Tax Law Imposes Restrictions on Deferred Compensation Plans and Necessitates Quick Action by Employers
  • December 7, 2004 | Authors: Cleburne E. Gregory; Roger T. Weitkamp
  • Law Firm: Arnall Golden Gregory LLP - Atlanta Office
  • Background On October 22, 2004, President Bush signed into law the American Jobs Creation Act of 2004 (the "Act"), which included broad-based tax provisions that impose significant restrictions on the design and operation of most deferred compensation arrangements. This Alert outlines the important provisions of the Act and provides a list of actions that you should consider to ensure the timely compliance of your deferred compensation arrangements with the requirements of the Act.