Source: http://www.law.cornell.edu/uscode/text/26/2522?qt-us_code_tabs=2
Timestamp: 2014-07-31 20:07:33
Document Index: 126546270

Matched Legal Cases: ['§ 2522', '§ 2522', '§ 2522', '§ 30', '§ 201', '§ 102', '§ 1307', '§ 1902', '§ 2124', '§ 423', '§ 286', '§ 202', '§ 1022', '§ 1422', '§ 10711', '§ 1218', '§ 3', '§ 11', '§ 3', '§ 11', '§ 3', '§ 3', '§ 3', '§ 1234', '§ 1218', '§ 1022', '§ 1032', '§ 442', '§ 442', '§ 423', '§ 1902', '§ 1307', '§ 1902', '§ 1307', '§ 2124', '§ 1902', '§ 201', '§ 201', '§ 423']

26 U.S. Code § 2522 - Charitable and similar gifts | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle B › Chapter 12 › Subchapter C › § 2522 26 U.S. Code § 2522 - Charitable and similar gifts
Citizens or residents In computing taxable gifts for the calendar year, there shall be allowed as a deduction in the case of a citizen or resident the amount of all gifts made during such year to or for the use of—
the United States, any State, or any political subdivision thereof, or the District of Columbia, for exclusively public purposes;
a corporation, or trust, or community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment), including the encouragement of art and the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, which is not disqualified for tax exemption under section 501
a fraternal society, order, or association, operating under the lodge system, but only if such gifts are to be used exclusively for religious, charitable, scientific, literary, or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals;
posts or organizations of war veterans, or auxiliary units or societies of any such posts or organizations, if such posts, organizations, units, or societies are organized in the United States or any of its possessions, and if no part of their net earnings insures to the benefit of any private shareholder or individual.
Rules similar to the rules of section 501
Nonresidents In the case of a nonresident not a citizen of the United States, there shall be allowed as a deduction the amount of all gifts made during such year to or for the use of—
a domestic corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, which is not disqualified for tax exemption under section 501
a trust, or community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office; but only if such gifts are to be used within the United States exclusively for such purposes;
a fraternal society, order, or association, operating under the lodge system, but only if such gifts are to be used within the United States exclusively for religious, charitable, scientific, literary, or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals;
posts or organizations of war veterans, or auxiliary units or societies of any such posts or organizations, if such posts, organizations, units, or societies are organized in the United States or any of its possessions, and if no part of their net earnings inures to the benefit of any private shareholder or individual.
No deduction shall be allowed under this section for a gift to of [1]
for the use of an organization or trust described in section 508
Where a donor transfers an interest in property (other than an interest described in section 170
(f)(3)(B)) to a person, or for a use, described in subsection (a) or (b) and an interest in the same property is retained by the donor, or is transferred or has been transferred (for less than an adequate and full consideration in money or money’s worth) from the donor to a person, or for a use, not described in subsection (a) or (b), no deduction shall be allowed under this section for the interest which is, or has been transferred to the person, or for the use, described in subsection (a) or (b), unless—
Rules similar to the rules of section 2055
(e)(4) shall apply for purposes of paragraph (2).
In general The Secretary shall provide for the recapture of an amount equal to any deduction allowed under this section (plus interest) with respect to any contribution of an undivided portion of a taxpayer’s entire interest in tangible personal property—
Initial fractional contribution 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).
For exemption of certain gifts to or for the benefit of the United States and for rules of construction with respect to certain bequests, see section 2055
For treatment of gifts to or for the use of Indian tribal governments (or their subdivisions), see section 7871.
(Aug. 16, 1954, ch. 736, 68A Stat. 410; Pub. L. 85–866, title I, § 30(d),Sept. 2, 1958, 72 Stat. 1631; Pub. L. 91–172, title II, § 201(d)(3), (4)(C), (D),Dec. 30, 1969, 83 Stat. 561, 562; Pub. L. 91–614, title I, § 102(c)(2),Dec. 31, 1970, 84 Stat. 1841; Pub. L. 94–455, title XII, §§ 1307(d)(1)(B)(iv), (v), 1313
(b)(3), title XIX, § 1902(a)(11), (12)(D), title XXI, § 2124(e)(3),Oct. 4, 1976, 90 Stat. 1727, 1730, 1805, 1806, 1920; Pub. L. 97–34, title IV, §§ 423(b), 442
(c),Aug. 13, 1981, 95 Stat. 317, 322; Pub. L. 97–248, title II, § 286(b)(3),Sept. 3, 1982, 96 Stat. 570; Pub. L. 97–473, title II, § 202(b)(7),Jan. 14, 1983, 96 Stat. 2610; Pub. L. 98–369, div. A, title X, §§ 1022(c), 1032
(b)(3),July 18, 1984, 98 Stat. 1028, 1034; Pub. L. 99–514, title XIV, § 1422(b),Oct. 22, 1986, 100 Stat. 2717; Pub. L. 100–203, title X, § 10711(a)(5), (6),Dec. 22, 1987, 101 Stat. 1330–464; Pub. L. 109–280, title XII, §§ 1218(c), 1234
(c),Aug. 17, 2006, 120 Stat. 1082, 1101; Pub. L. 110–172, §§ 3(d)(2), 11
(a)(16),Dec. 29, 2007, 121 Stat. 2474, 2485.)
Sections 1218(c) and 1234(c) ofPub. L. 109–280, which directed the amendment of section 2522 without specifying the act to be amended, were executed to this section, which is section 2522 of the Internal Revenue Code of 1986, to reflect the probable intent of Congress. See 2006 Amendment notes below.
2007—Subsec. (e)(1)(A). Pub. L. 110–172, § 11(a)(16)(A), in introductory provisions, substituted “all interests in the property are” for “all interest in the property is”.
Subsec. (e)(2). Pub. L. 110–172, § 3(d)(2)(A), (B), redesignated par. (3) as (2) and struck out heading and text of former par. (2). Text read as follows: “In the case of any additional contribution, the fair market value of such contribution shall be determined by using the lesser of—
“(B) the fair market value of the property at the time of the additional contribution.”
Subsec. (e)(2)(A)(i). Pub. L. 110–172, § 11(a)(16)(B), substituted “interests” for “interest” and “on or before” for “before”.
Subsec. (e)(2)(C). Pub. L. 110–172, § 3(d)(2)(C), added subpar. (C).
Subsec. (e)(3). Pub. L. 110–172, § 3(d)(2)(B), redesignated par. (3) as (2).
Subsec. (e)(4). Pub. L. 110–172, § 3(d)(2)(A), struck out heading and text of par. (4). Text read as follows: “For purposes of this subsection—
“(A) Additional contribution.—The term ‘additional contribution’ means any gift for which a deduction is allowed under subsection (a) or (b) of any interest in a property with respect to which the donor has previously made an initial fractional contribution.
“(B) Initial fractional contribution.—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).”
2006—Subsec. (c)(5). Pub. L. 109–280, § 1234(c), added par. (5). See Codification note above.
Subsecs. (e), (f). Pub. L. 109–280, § 1218(c), added subsec. (e) and redesignated former subsec. (e) as (f). See Codification note above.
1987—Subsecs. (a)(2), (b)(2), (3). Pub. L. 100–203inserted “(or in opposition to)” after “on behalf of”.
1986—Subsecs. (d), (e). Pub. L. 99–514added subsec. (d) and redesignated former subsec. (d) as (e).
1984—Subsec. (c)(4). Pub. L. 98–369, § 1022(c), added par. (4).
Subsec. (d). Pub. L. 98–369, § 1032(b)(3), added par. (1) and redesignated former pars. (1) and (2) as (2) and (3), respectively.
1983—Subsec. (d). Pub. L. 97–473designated existing provisions as par. (1), substituted “bequests” for “gifts” second time appearing in par. (1) as so designated, and added par. (2).
1982—Subsec. (a). Pub. L. 97–248inserted provision that rules similar to rules of section 501
(j) apply for purposes of par. (2).
1981—Subsec. (a). Pub. L. 97–34, § 442(c), substituted “year” for “quarter” in two places in provision preceding par. (1).
Subsec. (b). Pub. L. 97–34, § 442(c), substituted “year” for “quarter” in provision preceding par. (1).
Subsec. (c)(3). Pub. L. 97–34, § 423(b), added par. (3).
1976—Subsec. (a)(1). Pub. L. 94–455, § 1902(a)(12)(D), struck out “Territory” after “any State”.
Subsec. (a)(2). Pub. L. 94–455, §§ 1307(d)(1)(B)(iv), 1313
(b)(3), substituted “which is not disqualified for tax exemption under section 501
(c)(3) by reason of attempting to influence legislation” for “no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation” after “shareholder or individual” and inserted “or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment)” after “or educational purposes”.
Subsec. (b)(1). Pub. L. 94–455, § 1902(a)(12)(D), struck out “Territory” after “any State”.
Subsec. (b)(2). Pub. L. 94–455, § 1307(d)(1)(B)(v), substituted “which is not disqualified for tax exemption under section 501
(c)(3) by reason of attempting to influence legislation” for “no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation” after “shareholder or individual”.
Subsec. (c)(2). Pub. L. 94–455, § 2124(e)(3), substituted “(other than an interest described in section 170
(f)(3)(B))” for “(other than a remainder interest in a personal residence or farm or an undivided portion of the donor’s entire interest in property)” after “an interest in property”.
Subsec. (d). Pub. L. 94–455, § 1902(a)(11), substituted subsec. (d) for former subsec. (d), pars. (1) through (10), which dealt with cross references to specific exemptions and rules of construction for gifts to the United States and its instrumentalities.
1970—Pub. L. 91–614substituted “quarter” for “year” in three places.
1969—Subsecs. (a)(2), (b)(2), (3). Pub. L. 91–172, § 201(d)(4)(C), (D), inserted non-participation and non-intervention in political campaigns as an additional qualification.
Subsec. (c). Pub. L. 91–172, § 201(d)(3), substituted substantive provisions for simple reference to sections 503 and 681 in which such substantive provisions were formerly set out.
1958—Subsec. (c). Pub. L. 85–866substituted “503” for “504”.
Amendment by section 3(d)(2) ofPub. L. 110–172effective as if included in the provisions of the Pension Protection Act of 2006, Pub. L. 109–280, to which such amendment relates, see section 3(j) ofPub. L. 110–172, set out as a note under section 170 of this title.
Amendment by section 1218(c) ofPub. L. 109–280applicable to contributions, bequests, and gifts made after Aug. 17, 2006, see section 1218(d) ofPub. L. 109–280, set out as a note under section 170 of this title.
Amendment by section 1234(c) ofPub. L. 109–280applicable to contributions made after the date which is 180 days after Aug. 17, 2006, see section 1234(d) ofPub. L. 109–280, set out as a note under section 170 of this title.
Amendment by Pub. L. 99–514applicable to transfers and contributions made after Dec. 31, 1986, see section 1422(e) ofPub. L. 99–514, set out as a note under section 2055 of this title.
Amendment by section 1022(c) ofPub. L. 98–369applicable to reformations after Dec. 31, 1978, but inapplicable to any reformation to which section 2055
Amendment by section 1032(b)(3) ofPub. L. 98–369applicable to taxable years beginning after July 18, 1984, see section 1032(c) ofPub. L. 98–369, set out as a note under section 170 of this title.
For effective date of amendment by Pub. L. 97–473, see section 204(4) ofPub. L. 97–473, set out as an Effective Date note under section 7871 of this title.
Pub. L. 97–34, title IV, § 423(c)(2),Aug. 13, 1981, 95 Stat. 317, provided that: “The amendment made by subsection (b) [amending this section] shall apply to transfers after December 31, 1981.”
Amendment by section 442(c) ofPub. L. 97–34applicable with respect to gifts made after Dec. 31, 1981, see section 442(e) ofPub. L. 97–34, set out as a note under section 2501 of this title.
Amendment by section 2124(e)(3) ofPub. L. 94–455applicable with respect to contributions or transfers made after June 13, 1976, see section 2124(e)(4) ofPub. L. 94–455, set out as a note under section 170 of this title.
Amendment by section 201(d)(3) ofPub. L. 91–172applicable to gifts made after Dec. 31, 1969, except that the amendment of par. (2) of subsec. (c) applicable to gifts made after July 31, 1969, see section 201(g)(4)(D) ofPub. L. 91–172, set out as a note under section 170 of this title.
Amendment by section 201(d)(4)(C), (D) ofPub. L. 91–172applicable to gifts and transfers made after Dec. 31, 1969, see section 201(g)(4)(E) ofPub. L. 91–172, set out as a note under section 170 of this title.
For inclusion of provisions comparable to section 2055