Page:United States Statutes at Large Volume 90 Part 2.djvu/337

 PUBLIC LAW 94-455—OCT. 4, 1976 '

90 STAT. 1805

"(7) For payment of tax on gifts and bequests of United States obligations to the United States, see section 24 of the Second Liberty Bond Act (31 U.S.C. 757e). "(8) For treatment of gifts and bequests for benefit of the Naval Academy as gifts or bequests to or for the use of the United States, see section 6973 of title 10, United States Code. "(9) For treatment of gifts and bequests for benefit of the Naval Academy Museum as gifts or bequests to or for the use of the United States, see section 6974 of title 10, United States Code. "(10) For exemption of gifts and bequests received by National Archives Trust Fund Board, see section 2308 of title 44, United States Code." (5) AMENDMENTS OF SECTION 2106.—

(A) Section 2106(a)(2)(F) (relating to cross references concerning the charitable deduction for estate tax purposes) is amended to read as follows: "(F)

26 USC 2106.

CROSS R E F E R E N C E S. —

"(1) For option as to time for valuation for purposes of deduction under this section, see section 2032. "(2) For exemption of certain bequests for the benefit of the United States and for rules, of construction for certain bequests, see section 2C55(f)." (B) Section 2106 (relating to taxable estate of nonresidents) is amended by striking out subsection (c) (relating to treatment of United States b o n d s).

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(6) AMENDMENT OF SECTIONS 2107 AND 2108.—Section 2107(a)

(relating to estate tax on expatriates) and section 2108(a) (relat- 26 USC 2107, i n g to application of pre-1967 estate tax provisions) are each 2108. amended by striking out " the date of enactment of this section" and inserting in lieu thereof "November 13, 1966", (7) AMENDMENT RELATING TO SECTION 2201.—

(A) Section 6(b)(1) of the Act of January 2, 1975 ( P u b lic Law 93-597; 88 Stat. 1950) is amended by striking o u t "Section 2210" and inserting in lieu thereof "Section 2201". (B) The amendment made by subsection (A) is effective July 1, 1973. (8) REPEAL OF SECTION 2202.—Section 2202 (relating to missionaries in foreign service) is repealed. (9) AMENDMENT OF SECTION 2204.—The last sentence of section 2204(b) (relating to the discharge from personal liability of a fiduciary other than the executor) is amended by striking out " has not been" and inserting in lieu thereof "has been". (10) AMENDMENT OF SECTION 2501.—Section 2501(a)(1) (relat-

26 USC 2201. 26 USC 2201 not«26 USC 2202. 26 USC 2204. 26 USC 2501.

ing to imposition of gift tax) is amended to read as follows: " (1) GENERAL RULE.—A tax, computed as provided in section 2502, is hereby imposed for each calendar quarter on the transfer of property by gift during such calendar quarter by any individual, resident or nonresident." (11) AMENDMENT OF SECTION 2522.—Subsection (d) of section 26 USC 2522. 2522 (relating to cross references) is amended to read as follows: " (d) CROSS R E F E R E N C E. —

"For exemption of certain gifts to or for the benefit of the United States and for rules of construction with respect to certain gifts, see section 2055(f).'' (12) AMENDMENTS TO SECTIONS REFERRING TO TERRITORIES.—

(A) The following provisions are each amended by striking o u t "Territory,'^: sections 2055(a)(1), 2056(c)(2)(B), 26 USC 2055, and 2106(a)(2)(A)(i). 2056, 2106.

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