is hereby imposed a tax equal to 17 percent of the value of excludable compensation provided during the calendar year by an employer for the benefit of employees to whom this section applies. (b) Liability for tax The tax imposed by this section shall be paid by the employer. (c) Excludable compensation For purposes of subsection (a), the term excludable compensation means any remuneration for services performed as an employee other than— (1) wages (as defined in section 3121(a) without regard to paragraph (1) thereof) which are paid in cash, (2) remuneration for services performed outside the United States, and (3) retirement contributions to or under any plan or arrangement which makes retirement distributions (as defined in section 63(c)). (d) Employees to whom section applies This section shall apply to an employee who is employed in any activity by— (1) any organization which is exempt from taxation under this chapter, or (2) any agency or instrumentality of the United States, any State or political subdivision of a State, or the District of Columbia. . 103. Simplification of rules relating to qualified retirement plans (a) In general The following provisions of the Internal Revenue Code of 1986 are hereby repealed: (1) Nondiscrimination rules (A) Paragraphs (4) and (5) of section 401(a) (relating to nondiscrimination requirements). (B) Sections 401(a)(10)(B) and 416 (relating to top heavy plans). (C) Section 401(a)(17) (relating to compensation limit). (D) Paragraphs (3), (6), and (26) of section 401(a), and section 410(b) (relating to minimum participation and coverage requirements). (E) Paragraphs (3), (8), (11), (12), and (13) of section 401(k), and section 4979 (relating to actual deferral percentage). (F) Section 401(l) (relating to permitted disparity in plan contributions or benefits). (G) Section 401(m) (relating to nondiscrimination test for matching contributions and employee contributions). (H) Paragraphs (1)(D) and (12) of section 403(b) (relating to nondiscrimination requirements). (I)