Late deferral excise tax - deductible?

[PAL]

Is the excise tax paid for late deposits of deferrals (using Form 5330) deductible on the corporate tax return? I believe certian penalty taxes are and am not sure if this is or not.

PAL

[BeckyMiller]

See IRC Section 275(a)(6). No deduction is allowed for taxes under chapters 41, 42, 43, 44, 45, 46, and 54.

This excise tax falls under Chapter 43 - so that would be non-deductible.