Internal Revenue Code · 26 U.S.C.
§ 2521. Repealed. Pub. L. 94–455, title XX, § 2001(b)(3), Oct. 4, 1976, 90 Stat. 1849
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 2521
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- Repealed
- Cross-references
- cites 0; cited by 5 Code sections and 12 other regulations
- Regulations
- 1 issued under this section
Repealed. Pub. L. 94–455, title XX, § 2001(b)(3), Oct. 4, 1976, 90 Stat. 1849
Regulations under this section
Treasury regulations (26 CFR) issued under § 2521
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
Cited by 5 Code sections
- § 1015(d)(2) Basis of property acquired by gifts and transfers in trust
- § 2010(b) Unified credit against estate tax
- § 2504(a)(3) Taxable gifts for preceding calendar periods
- § 2505(b) Unified credit against gift tax
- § 6018(a)(3)(B) Estate tax returns
Cited in 12 regulations not issued under it
- § 1.1015-5 Increased basis for gift tax paid.
- § 20.2010-1 Unified credit against estate tax; in general.
- § 20.2010-2 Portability provisions applicable to estate of a decedent survived by a spouse.
- § 25.0-1 Introduction.
- § 25.2501-1 Imposition of tax.
- § 25.2502-1 Rate of tax.
- § 25.2503-1 General definitions of “taxable gifts” and of “total amount of gifts.”
- § 25.2504-1 Taxable gifts for preceding calendar periods.
- § 25.2505-1 Unified credit against gift tax; in general.
- § 25.2523(a)-1 Gift to spouse; in general.
- § 25.2524-1 Extent of deductions.
- § 25.6019-3 Contents of return.
Where it sits in the Code
Nearby sections
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Section, act Aug. 16, 1954, ch. 736, 68A Stat. 410, allowed a deduction, in the case of a citizen or resident, an exemption of $30,000, less amounts claimed and allowed for calendar year 1932 and calendar years intervening between that year and year for which tax is being computed.