Page:United States Statutes at Large Volume 83.djvu/545

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

" (B) the compensation for which is equal to or greater than the lowest rate of compensation prescribed for GS-16 of the General Schedule under section 5332 of title 5, United States Code, "(4) a position under the House of Representatives or the Senate of the United States held by an individual receiving gross compensation at an annual rate of $15,000 or more, "(5) an elective or appointive public office in the executive, legislative, or judicial branch of the government of a State, possession of the United States, or political subdivision or other area of any of the foregoing, or of the District of Columbia, held by an individual receiving gross compensation at an annual rate oi $15,000 or more, or "(6) a position as personal or executive assistant or secretary to any of the foregoing. " (d) MEMBERS OF FAMILY.—For purposes of subsection (a)(1), the family of any individual shall include only his spouse, ancestors, lineal descendants, and spouses of lineal descendants. "SEC. 4947. APPLICATION OF TAXES TO CERTAIN NONEXEMPT TRUSTS. " (a) APPLICATION OF T A X. — "(1) CHARITABLE TRUSTS.—For

517

5 USC 5332 note.

pur{)oses of part II of subchapter F of chapter 1 (other than section 508(a), (b), and (c)) Ante, p. 492. and for purposes of this chapter, a trust which is not exempt from taxation under section 501(a), all of the unexpired interests in 26^50^50^^' which are devoted to one or more of the purposes described in section 1 7 0 (c)(2)(B), and for which a deduction was allowed under section 170, 545(b)(2), 556(b)(2), 642(c), 2055, 2106(a) ^^^^°1*;,ZlJ^-^(2), or 2522 (or the corresponding provisions of prior law), shall 558, 560-562. be treated as an organization described in section 501(c)(3). For purposes of section 509(a)(3)(A), such a trust shall be treated as if organized on the day on which it first becomes subject to this paragraph. "(2) SPLIT-INTEREST TRUSTS.—In the case of a trust which is not exempt from tax under section 501(a), not all of the unexpired interests in which are devoted to one or more of the purposes described in section 1 7 0 (c)(2)(B), and which has amounts in trust for which a deduction was allowed under section 170, 545 (b)(2), 556(b)(2), 642(c), 2055, 2106(a)(2), or 2522, section 507 (relating to termination of private foundation status), section 508(e) (relating to governing instruments) to the extent applicable to a trust described in this paragraph, section 4941 (relating to taxes on self-dealing), section 4943 (relating to taxes on excess business holdings) except as provided in subsection (b)(3), section 4944 (relating to investments which jeopardize charitable purpose) except as provided in subsection (b)(3), and section 4945 (relating to taxes on taxable expenditures) shall apply as if such trust were a private foundation. This paragraph shall not apply with respect to— " (A) any amounts payable under the terms of such trust to income beneficiaries, unless a deduction was allowed under sectionl70(f)(2)(B)j2055(e)(2)(B),or2522(c)(2)(B), " (B) any amounts in trust other than amounts for which a deduction was allowed under section 170, 545(b)(2), 556(b) (2), 642(c), 2055, 2106(a)(2), or 2522, if such other amounts are segregated from amounts for which no deduction was allowable, or " (C) any amounts transferred in trust before May 27, 1969.

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