initial fractional contribution
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 170 — under this section
The term “initial fractional contribution” means, with respect to any taxpayer, the first charitable contribution of an undivided portion of the taxpayer's entire interest in any tangible personal property.
26 U.S.C. § 2522 — under this chapter (2 versions over time)
For purposes of this paragraph, the term “initial fractional contribution” means, with respect to any donor, the first gift of an undivided portion of the donor's entire interest in any tangible personal property for which a deduction is allowed under subsection (a) or (b).