Annual edition
Subsecs. (c), (d). Pub. L. 100–647 added subsecs. (c) and (d).
Source credit
Pub. L. 100–647, title I, § 1014(b), Nov. 10, 1988, 102 Stat. 3559.
Oct 22, 1986 – Nov 10, 1988
Amended · full text not held
Pub. L. 99–514 amended section generally, substituting “the value of such interest exceeds 5 percent of the value of such portion” for “the interest will or may reasonably be expected to take effect in possession or enjoyment within 10 years commencing with the date of the transfer of that portion of the trust” in subsec. (a), adding subsec. (b), striking out subsec. (c) which provided that the grantor not be treated under subsec. (a) as the owner of any portion of a trust where his reversionary interest in such portion was not to take effect in possession or enjoyment until the death of the persons to whom the income therefrom was payable, and subsec. (d) which provided that any postponement of the date specified for the reacquisition of possession or enjoyment of the reversionary interest be treated as a new transfer in trust commencing with the date on which the postponement was effected and terminating with the date prescribed by the postponement.
IRC → Source credit
Pub. L. 99–514, title XIV, § 1402(a), Oct. 22, 1986, 100 Stat. 2711
Dec 30, 1969 – Oct 22, 1986
Amended · full text not held
Subsec. (b). Pub. L. 91–172 struck out provisions relating to trusts where the income was payable to a charitable beneficiary for at least a two-year period.
Source credit
Pub. L. 91–172, title II, § 201(c), Dec. 30, 1969, 83 Stat. 560
Aug 16, 1954 – Dec 30, 1969
Enacted · full text not held
Source credit
Aug. 16, 1954, ch. 736, 68A Stat. 227
