26 U.S.C. § 2524 — Extent of deductions
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 33 words · no verdicts yet
This section limits the deductions provided by sections 2522 and 2523. Those deductions apply only to the extent that the gifts specified in those sections are included in the gifts against which the deductions are applied.
The deductions provided by sections 2522 and 2523 must be allowed only to the extent that the gifts specified in those sections are included in the amount of gifts against which those deductions are applied.
The deductions provided in sections 2522 and 2523 shall be allowed only to the extent that the gifts therein specified are included in the amount of gifts against which such deductions are applied.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 414.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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