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15 U.S.C. § 37aDefinitions

submitted 31 years ago by Pub. L. 104-63 to r/title-15-COMMERCE-AND-TRADE · 194 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section defines terms used in section 37, the antitrust immunity law for charitable gift annuities and remainder trusts. It explains "antitrust laws," "charitable remainder trust," "charitable gift annuity," "final determination," "person," and "State" by pointing to other sections of law.

(1) Antitrust laws — has the meaning given in subsection (a) of section 12 of this title, except that it also includes section 45 of this title to the extent section 45 applies to unfair methods of competition. (2) Charitable remainder trust — has the meaning given in section 664(d) of title 26. (3) Charitable gift annuity — has the meaning given in section 501(m)(5) of title 26. (4) Final determination — includes an Internal Revenue Service determination, made after the donor and donee have exhausted their administrative remedies, that disallows the donor's charitable deduction for the year the original contribution was made, because the donee failed at that time to comply with the requirements of section 501(m)(5) or 664(d) of title 26. (5) Person — has the meaning given in subsection (a) of section 12 of this title. (6) State — has the meaning given in section 15g(2) of this title.
the actual law source: uscode.house.gov ↗public domain

For purposes of this section and section 37 of this title:

(1) Antitrust laws

The term “antitrust laws” has the meaning given it in subsection (a) of section 12 of this title, except that such term includes section 45 of this title to the extent that such section 45 applies to unfair methods of competition.

(2) Charitable remainder trust

The term “charitable remainder trust” has the meaning given it in section 664(d) of title 26.

(3) Charitable gift annuity

The term “charitable gift annuity” has the meaning given it in section 501(m)(5) of title 26.

(4) Final determination

The term “final determination” includes an Internal Revenue Service determination, after exhaustion of donor’s and donee’s administrative remedies, disallowing the donor’s charitable deduction for the year in which the initial contribution was made because of the donee’s failure to comply at such time with the requirements of section 501(m)(5) or 664(d), respectively, of title 26.

(5) Person

The term “person” has the meaning given it in subsection (a) of section 12 of this title.

(6) State

The term “State” has the meaning given it in section 15g(2) of this title.

Source credit: (Pub. L. 104–63, § 3, Dec. 8, 1995, 109 Stat. 687; Pub. L. 105–26, § 2(2), July 3, 1997, 111 Stat. 242.)

history & why it existsrecord from the source credit
  • 1995Enacted · Pub. L. 104-63 · 109 Stat. 687
  • 1997Amended · Pub. L. 105-26 · 111 Stat. 242

A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-63 on 1995-12-08.

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