initial fractional contribution
Defined in 2 places of the United States Code.
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).
Source
- 2007–present26 U.S.C. § 2522Internal Revenue Code · Charitable and similar gifts · under this chapter
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).
Source
- 2006–200726 U.S.C. § 2522Internal Revenue Code · Charitable and similar gifts · under this chapter
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.
Source
- 2006–present26 U.S.C. § 170Internal Revenue Code · Charitable, etc., contributions and gifts · under this section