Pension Plan Capital Formation Act of 1982

[AI summary unavailable — showing source text] Pension Plan Capital Formation Act of 1982 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to delete from the definition of "qualifying employer real property" the condition that a substantial number of parcels of employer real property be dispersed geographically. Provides that the Secretary of Labor must consult with and coordinate actions with the Secretary of the Treasury for exemptions employee benefit from prohibited transactions only with respect to specified plans. Exempts from ERISA prohibited transaction provisions certain loans and leases made by an employee benefit plan to a substantial employer maintaining the plan. Conforms specified ERISA provisions with Internal Revenue Code provisions relating to transactions by parties in interest. Makes provisions for a prohibited transaction exemption procedure applicable to owner-employees. Amends the Internal Revenue Code to make conforming amendments. Provides that the amendments made by this Act shall be effective for taxable years beginning after December 31, 1982.…