§ 32.007 CALCULATION OF ALLOCABLE INCOME.
   The income or loss allocable to excess deferrals shall be determined according to a reasonable method of allocating income or loss. For this purpose, the method described in Treasury Reg. § 1.402(g)-1(d)(5) is deemed to be a reasonable method.
(Ord. NIRC 97-1, passed 1-15-1997)