Amends the Internal Revenue Code to require determination of gift tax liability on a calendar year, rather than calendar quarter, basis. Applies the return requirements on a calendar year, rather than calendar quarter, basis.
Became Public Law No: 97-34.
Committee on Finance requested executive comment from OMB; Treasury Department.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4242.
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