respect to any employee if such employee makes an affirmative election— (A) not to have such contributions made, or (B) to make elective contributions at a level specified in such affirmative election. (3) Applicable year every third year (A) In general The term applicable year means, with respect to an employee, such employee’s first plan year of eligibility under the arrangement and all subsequent plan years of eligibility. (B) Exception Following any applicable year of an employee (determined after the application of this subparagraph), the plan may elect to treat the next 1 or 2 plan years as not being applicable years with respect to such employee. (d) Definitions For purposes of this section— (1) Eligible employer The term eligible employer has the meaning given such term in section 408(p)(2)(C)(i). (2) Eligible automatic contribution arrangement The term eligible automatic contribution arrangement has the meaning given such term in section 414(w)(3). . (b) Credit To be part of general business credit Subsection (b) of section 38 of the Internal Revenue Code of 1986 is amended by striking plus at the end of paragraph (40), by striking the period at the end of paragraph (41) and inserting , plus , and by adding at the end the following new paragraph: (42) in the case of an eligible employer (as defined in section 45BB(d)(1)), the retirement re-enrollment credit determined under section 45BB(a). . (c) Treatment of credit for certified professional employer organizations Paragraph (2) of section 3511(d) of the Internal Revenue Code of 1986 is amended— (1) by redesignating subparagraphs (G), (H), and (I) as subparagraphs (H), (I), and (J) respectively, and (2) by inserting after subparagraph (F) the following new subparagraph: (G) section 45BB (retirement re-enrollment credit), . (d) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 45AA the following new item: Sec. 45BB.