# Pub. L. 91-614: changes to the Internal Revenue Code 1970-12-31, 84 Stat. 1841. Source: . ## Legislative history - Bill: [H.R. 16199](https://www.congress.gov/bill/91st-congress/house-bill/16199) ## § 1015: Basis of property acquired by gifts and transfers in trust - § 1015(d)(2): Pub. L. 91–614 substituted “calendar quarter (or calendar year if the gift was made before January 1, 1971)” for “calendar year” the first place it appears and “calendar quarter or year” for “calendar year” every other place it appears. ## § 1223: Holding period of property - § 1223(11), § 1223(12): Pub. L. 91–614 added par. (11) and redesignated former par. (11) as (12). ## § 2012: Credit for gift tax - § 2012(b)(1): Pub. L. 91–614, § 102(d)(2)(A), substituted “the calendar quarter (or calendar year if the gift was made before January 1, 1971)” for “the year”. - § 2012(d): Pub. L. 91–614, § 102(d)(2)(B), substituted “such quarter or year” for “such year” in two places. - § 2012(d)(1): Pub. L. 91–614, § 102(d)(2)(A), substituted “the calendar quarter (or calendar year if the gift was made before January 1, 1971)” for “the year”. ## § 2032: Alternate valuation - § 2032: Pub. L. 91–614 substituted “6 months” for “1 year” in four places and substituted “6-month” for “1-year”. ## § 2055: Transfers for public, charitable, and religious uses - § 2055(b): Pub. L. 91–614 substituted “6 months” for “one year”. ## § 2204: Discharge of fiduciary from personal liability - § 2204: Pub. L. 91–614, § 101(d)(1)(A), substituted “fiduciary” for “executor” in section catchline. - § 2204(a): Pub. L. 91–614, §§ 101(d)(1)(B), (C), (f), designated existing provisions as subsec. (a), inserted “General Rule—” immediately preceding first sentence and permitted a discharge of the executor even where an extension of time has been granted under sections 6161, 6163, or 6166 of this title, where a bond, if required, is provided to assure payment of taxes for which the extension was granted, and substituted “9 months” for “1 year” in two places. - § 2204(b): Pub. L. 91–614, § 101(d)(1)(D), added subsec. (b). ## § 2501: Imposition of tax - § 2501(a)(1): Pub. L. 91–614, § 102(a)(1)(A), substituted “For the first calendar quarter of the calendar year 1971 and each calendar quarter thereafter” for “For the calendar year 1955 and each calendar year thereafter” and “during such calendar quarter” for “during such calendar year”. - § 2501(a)(4): Pub. L. 91–614, § 102(a)(1)(B), substituted “calendar quarter” for “calendar year”. ## § 2502: Rate of tax - § 2502(a): Pub. L. 91–614, § 102(a)(2)(A), substituted a computation of tax formula based on the current calendar quarter, preceding calendar quarters, and preceding calendar years for a formula based entirely on the current and preceding calendar years. - § 2502(b): Pub. L. 91–614, § 102(a)(2)(B), substituted definition of “calendar quarter” for definition of “calendar year”. - § 2502(c): Pub. L. 91–614, § 102(a)(2)(B), substituted definition of “preceding calendar years and quarters” for definition of “preceding calendar years”. ## § 2503: Taxable gifts - § 2503(a): Pub. L. 91–614, § 102(a)(3)(A), divided definition of “taxable gifts” into gifts made after Dec. 31, 1970, where taxable gifts are based on the total amount of gifts made during the calendar quarter, less the applicable deductions, and gifts made before Jan. 1, 1971, where taxable gifts are based on the total amount of gifts made during the calendar year, less the applicable deductions. - § 2503(b): Pub. L. 91–614, § 102(a)(3)(B), substituted provisions with regard to computing taxable gifts for the calendar quarter, in the case of gifts made to any persons by the donor during the calendar year 1971 and subsequent calendar years, $3,000 of such gifts to such person less the aggregate of the amounts of such gifts to such person during all preceding calendar quarters of the calendar year shall not be included in the total amount of gifts made during such quarter for provisions requiring in the case of gifts made to any person by the donor during the calendar year 1955 and subsequent calendar years, the first $3,000 of such gifts to such person shall not be included in the total amount of gifts made during such year. ## § 2504: Taxable gifts for preceding calendar periods - § 2504: Pub. L. 91–614 substituted “Taxable gifts for preceding years and quarters” for “Taxable gifts for preceding years” in section catchline. - § 2504(a): Pub. L. 91–614 substituted “In computing taxable gifts for the preceding calendar years or calendar quarters for the purpose of computing the tax for any calendar quarter,” for “In computing taxable gifts for the calendar year 1954 and preceding calendar years for the purpose of computing the tax for the calendar year 1955 or any calendar year thereafter,” provided that the laws applicable in the calendar quarters as well as the years in which the transfers in question were made shall apply, and substituted “previous calendar years or calendar quarters for the purpose of computing the tax for any calendar year or calendar quarter” for “the calendar year 1954 and previous calendar years for the purpose of computing the tax for the calendar year 1955 or any calendar year thereafter”. - § 2504(b): Pub. L. 91–614 inserted reference to calendar quarters in heading, substituted “during preceding calendar years and calendar quarters,” for “during the calendar year 1954 and preceding calendar years,” made reference to the amount excluded by gift tax laws applicable to the calendar quarters as well as years in which the gifts were made, and substituted “during such years and calendar quarters” for “during such year”. - § 2504(c): Pub. L. 91–614 inserted reference to calendar quarters in heading, inserted “or calendar quarter” after “calendar year” in four places, and substituted “for any calendar quarter,” for “for the calendar year 1955 and subsequent calendar years,”. - § 2504(d): Pub. L. 91–614 struck out “For years before the calendar year 1955” from explanation of term “net gifts” as used in corresponding provisions of prior laws. ## § 2512: Valuation of gifts - § 2512(b): Pub. L. 91–614 substituted “calendar quarter” for “calendar year”. ## § 2513: Gift by husband or wife to third party - § 2513(a), § 2513(b)(2): Pub. L. 91–614, § 102(b)(2)(A), substituted “calendar quarter” for “calendar year”. - § 2513(b)(2)(A): Pub. L. 91–614, § 102(b)(2)(B), substituted “the 15th day of the second month” for “the 15th day of April” and substituted “such calendar quarter” for “such year”. - § 2513(b)(2)(B): Pub. L. 91–614, § 102(b)(2)(C), substituted “such calendar quarter” for “such year”. - § 2513(c): Pub. L. 91–614, § 102(b)(2)(A), substituted “calendar quarter” for “calendar year”. - § 2513(c)(1): Pub. L. 91–614, § 102(b)(2)(D), substituted “15th day of the second month following the close of such calendar quarter” for “15th day of April following the close of such year”. - § 2513(d): Pub. L. 91–614, § 102(b)(2)(A), (E), substituted “calendar quarter” for “calendar year” and “such calendar quarter” for “such year”. ## § 2522: Charitable and similar gifts - § 2522: Pub. L. 91–614 substituted “quarter” for “year” in three places. ## § 2523: Gift to spouse - § 2523(a): Pub. L. 91–614 substituted “quarter” for “year” in two places. ## § 4216: Definition of price - § 4216(b)(3): Pub. L. 91–614, § 301(b), substituted “Constructive sale price” for “Fair market price” in heading, “constructive sale price” for “fair market price” three places in text, substituted “paragraphs (4) and (5)” for “paragraph (4)” and “paragraph (1)” for “paragraph (1)(C)”. - § 4216(b)(4): Pub. L. 91–614, § 301(b)(2), substituted “Constructive sale price” for “Fair market price” in heading, “constructive sale price” for “fair market price” in text, and “paragraph (1)” for “paragraph (1)(C)”. - § 4216(b)(5), § 4216(b): Pub. L. 91–614, § 301(a), added pars. (5) and (6). ## § 4251: Imposition of tax - § 4251(a)(2): Pub. L. 91–614, § 201(b)(1), substituted provisions providing the rate of tax on amounts paid for communication services pursuant to bills first rendered before Jan. 1, 1973 is 10% of such amount, amounts paid pursuant to bills first rendered during 1973 is 9% of such amount, during 1974 is 8% of such amount, during 1975 is 7% of such amount, during 1976 is 6% of such amount, during 1977 is 5% of such amount, during 1978 is 4% of such amount, during 1979 is 3% of such amount, during 1980 is 2% of such amount, and during 1981 is 1% of such amount for provisions providing the rate of tax on amounts paid for communication services pursuant to bills first rendered before Jan. 1, 1971 is 10% of such amount, amounts paid pursuant to bills first rendered during 1971 is 5% of such amount, during 1972 is 3% of such amount, and during 1973 is 1% of such amount. - § 4251(b): Pub. L. 91–614, § 201(b)(2), substituted “January 1, 1982” for “January 1, 1974”. ## § 6019: Gift tax returns - § 6019: Pub. L. 91–614 substituted “Any individual who in any calendar quarter makes any transfers by gift (other than transfers which under section 2503(b) are not to be included in the total amount of gifts for such quarter and other than qualified charitable transfers) shall make a return for such quarter with respect to the gift tax imposed by subtitle B” for “Any individual who in any calendar year makes any transfers by gift (except those which under section 2503(b) are not to be included in the total amount of gifts for such year) shall make a return with respect to the gift tax imposed by subtitle B”. - § 6019: Pub. L. 91–614 added subsec. (b) and redesignated former subsec. (b) as (c). ## § 6040: Cross references - § 6040(2): Pub. L. 91–614 substituted “fiduciary” for “executor”. ## § 6075: Time for filing estate and gift tax returns - § 6075(a): Pub. L. 91–614, § 101(b), substituted “9 months” for “15 months”. - § 6075(b): Pub. L. 91–614, § 102(d)(4), substituted “the 15th day of the second month following the close of the calendar quarter” for “the 15th day of April following the close of the calendar year”. ## § 6091: Place for filing returns or other documents - § 6091(b)(3): Pub. L. 91–614, § 101(i)(1), substituted provisions requiring an estate tax return to be filed in the internal revenue district in which the decedent was domiciled at the time of his death or at a service center serving that district, as the Secretary or his delegate may determine by regulations, and in the case of a decedent who was not domiciled in an internal revenue district, or who had no domicile, his return is to be filed at such place as the Secretary or his delegate designates for provisions requiring estate tax returns to be filed in the internal revenue district in which the decedent was domiciled at the time of his death or, if there was no such domicile in an internal revenue district, then at such place as the Secretary or his delegate by regulations designates. - § 6091(b)(4): Pub. L. 91–614, § 101(i)(2), permitted the executor, who desires to file an estate tax return in person, to do so by hand carrying it to the appropriate internal revenue district office. ## § 6161: Extension of time for paying tax - § 6161(a)(1): Pub. L. 91–614 substituted “6 months (12 months in the case of estate tax)” for “6 months”. ## § 6212: Notice of deficiency - § 6212(c)(1): Pub. L. 91–614 substituted “calendar quarter” for “calendar year”. ## § 6214: Determinations by Tax Court - § 6214(b): Pub. L. 91–614 inserted reference to calendar quarters in heading and in text in regard to gift tax deficiencies. ## § 6314: Receipt for taxes - § 6314(c)(2): Pub. L. 91–614 substituted “fiduciary” for “executor”. ## § 6324: Special liens for estate and gift taxes - § 6324(a)(3): Pub. L. 91–614, § 101(d)(2), substituted “fiduciary” for “executor” in heading and text. - § 6324(b): Pub. L. 91–614, § 102(d)(7), substituted “period for which the return was filed” for “calendar year”. ## § 6412: Floor stocks refunds - § 6412(a)(1): Pub. L. 91–614 substituted “January 1 of 1973, 1974, 1978, 1979, 1980, 1981, or 1982” for “January 1, 1971, January 1, 1972, January 1, 1973, or January 1, 1974”. ## § 6416: Certain taxes on sales and services - § 6416(b)(2)(E): Pub. L. 91–614, § 302(b), struck out subpar. (E) providing that the tax paid under chapter 32 (or under section 4041(a)(1) or (b)(1)) in respect of any article is deemed an overpayment if such article was resold by any person to a manufacturer or producer for use by him as provided in subsec. (b)(3)(A), (B), (E) or (F). - § 6416(b)(3): Pub. L. 91–614, § 302(a)(1)(A), substituted “and such article is sold to a subsequent manufacturer or producer before being used, such tax shall be deemed to be an overpayment by such subsequent manufacturer or producer if” for “to a second manufacturer or producer, such tax shall be deemed to be an overpayment by such second manufacturer or producer if”. - § 6416(b)(3)(A), § 6416(b)(3)(B), § 6416(b)(3): Pub. L. 91–614, § 302(a)(1)(B), substituted “the subsequent manufacturer” for “the second manufacturer”. - § 6416(c): Pub. L. 91–614, § 302(a)(2), struck out provision providing that the credit for tax paid on tires or inner tubes is allowable only in respect of the first sale on or in connection with, or with the sale of, another article on the sale of which tax is imposed under chapter 32 of this title. ## § 6501: Limitations on assessment and collection - § 6501(e)(2): Pub. L. 91–614 substituted “during the period for which the return was filed” for “during the year”. ## § 6504: Cross references - § 6504(9): Pub. L. 91–614 substituted “fiduciary” for “executor”. ## § 6512: Limitations in case of petition to Tax Court - § 6512: Pub. L. 91–614 substituted “the same calendar year or calendar quarter” for “the same calendar year” in two places. ## § 6905: Discharge of executor from personal liability for decedent’s income and gift taxes - § 6905(a): Pub. L. 91–614, § 101(f), substituted “9 months” for “1 year”.