Title 26 — Internal Revenue Code
Chapter 12 — Gift Tax
§ 2524. Extent of deductions
Statutory text
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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
(Aug. 16, 1954, ch. 736, 68A Stat. 414.) · 68A Stat. 414
Enacted · 26 U.S.C. § 2524
(Aug. 16, 1954, ch. 736, 68A Stat. 414.)
Source evidence
Code source credit
(Aug. 16, 1954, ch. 736, 68A Stat. 414.)
0 of 1 references resolved to an enrolled provision · 1 partial
Credits
(Aug. 16, 1954, ch. 736, 68A Stat. 414.)