Amendments
2018—Subsec. (c)(1). Pub. L. 115–141 substituted “gift to or for” for “gift to of for”.
2007—Subsec. (e)(1)(A). Pub. L. 110–172, § 11(a)(16)(A), in introductory provisions, substituted “all interests in the property are” for “all interest in the property is”.
Subsec. (e)(2). Pub. L. 110–172, § 3(d)(2)(A), (B), redesignated par. (3) as (2) and struck out heading and text of former par. (2). Text read as follows: “In the case of any additional contribution, the fair market value of such contribution shall be determined by using the lesser of—
“(A) the fair market value of the property at the time of the initial fractional contribution, or
“(B) the fair market value of the property at the time of the additional contribution.”
Subsec. (e)(2)(A)(i). Pub. L. 110–172, § 11(a)(16)(B), substituted “interests” for “interest” and “on or before” for “before”.
Subsec. (e)(2)(C). Pub. L. 110–172, § 3(d)(2)(C), added subpar. (C).
Subsec. (e)(3). Pub. L. 110–172, § 3(d)(2)(B), redesignated par. (3) as (2).
Subsec. (e)(4). Pub. L. 110–172, § 3(d)(2)(A), struck out heading and text of par. (4). Text read as follows: “For purposes of this subsection—
“(A) Additional contribution.—The term ‘additional contribution’ means any gift for which a deduction is allowed under subsection (a) or (b) of any interest in a property with respect to which the donor has previously made an initial fractional contribution.
“(B) Initial fractional contribution.—The term ‘initial fractional contribution’ means, with respect to any donor, the first gift of an undivided portion of the donor’s entire interest in any tangible personal property for which a deduction is allowed under subsection (a) or (b).”
2006—Subsec. (c)(5). Pub. L. 109–280, § 1234(c), added par. (5). See Codification note above.
Subsecs. (e), (f). Pub. L. 109–280, § 1218(c), added subsec. (e) and redesignated former subsec. (e) as (f). See Codification note above.
1987—Subsecs. (a)(2), (b)(2), (3). Pub. L. 100–203 inserted “(or in opposition to)” after “on behalf of”.
1986—Subsecs. (d), (e). Pub. L. 99–514 added subsec. (d) and redesignated former subsec. (d) as (e).
1984—Subsec. (c)(4). Pub. L. 98–369, § 1022(c), added par. (4).
Subsec. (d). Pub. L. 98–369, § 1032(b)(3), added par. (1) and redesignated former pars. (1) and (2) as (2) and (3), respectively.
1983—Subsec. (d). Pub. L. 97–473 designated existing provisions as par. (1), substituted “bequests” for “gifts” second time appearing in par. (1) as so designated, and added par. (2).
1982—Subsec. (a). Pub. L. 97–248 inserted provision that rules similar to rules of section 501(j) apply for purposes of par. (2).
1981—Subsec. (a). Pub. L. 97–34, § 442(c), substituted “year” for “quarter” in two places in provision preceding par. (1).
Subsec. (b). Pub. L. 97–34, § 442(c), substituted “year” for “quarter” in provision preceding par. (1).
Subsec. (c)(3). Pub. L. 97–34, § 423(b), added par. (3).
1976—Subsec. (a)(1). Pub. L. 94–455, § 1902(a)(12)(D), struck out “Territory” after “any State”.
Subsec. (a)(2). Pub. L. 94–455, §§ 1307(d)(1)(B)(iv), 1313(b)(3), substituted “which is not disqualified for tax exemption under section 501(c)(3) by reason of attempting to influence legislation” for “no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation” after “shareholder or individual” and inserted “or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment)” after “or educational purposes”.
Subsec. (b)(1). Pub. L. 94–455, § 1902(a)(12)(D), struck out “Territory” after “any State”.
Subsec. (b)(2). Pub. L. 94–455, § 1307(d)(1)(B)(v), substituted “which is not disqualified for tax exemption under section 501(c)(3) by reason of attempting to influence legislation” for “no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation” after “shareholder or individual”.
Subsec. (c)(2). Pub. L. 94–455, § 2124(e)(3), substituted “(other than an interest described in section 170(f)(3)(B))” for “(other than a remainder interest in a personal residence or farm or an undivided portion of the donor’s entire interest in property)” after “an interest in property”.
Subsec. (d). Pub. L. 94–455, § 1902(a)(11), substituted subsec. (d) for former subsec. (d), pars. (1) through (10), which dealt with cross references to specific exemptions and rules of construction for gifts to the United States and its instrumentalities.
1970—Pub. L. 91–614 substituted “quarter” for “year” in three places.
1969—Subsecs. (a)(2), (b)(2), (3). Pub. L. 91–172, § 201(d)(4)(C), (D), inserted non-participation and non-intervention in political campaigns as an additional qualification.
Subsec. (c). Pub. L. 91–172, § 201(d)(3), substituted substantive provisions for simple reference to sections 503 and 681 in which such substantive provisions were formerly set out.
1958—Subsec. (c). Pub. L. 85–866 substituted “503” for “504”.