1838
PUBLIC LAW 91-614-DEC. 31, 1970
[84 STAT.
(f) REDUCTION OF PERIOD FOR DISCHARGE OF EXECUTOR FROM PERSONAL LIABILITY.—Effective with respect to the estates of decedents
1837^' ^' ^"^' 68A Stat. 3^4; ^^26 USCT22'3.
68A Stat. 296.
72 Stat. 1684.
^y^^g ^^^^ December 31, 1973, sections 2204 and 6905 are each amended by striking out "1 year" and inserting in lieu thereof "9 months". (^) HoLDiNG PERIOD OF PROPERTY.—Section 1223 (relating to holding period of property) is amended by redesignating paragraph (11) as paragraph (12) and by inserting after paragraph (10) the following new paragraph: "(11) I n the case of a person acquiring property from a decedent or to whom property passed from a decedent (within ^^g meaning of section 1014(b)), if— " (A) the basis of such property in the hands of such person is determined under section 1014, and " (B) such property is sold or otherwise disposed of by such person within 6 months after the decedent's death, then such person shall be considered to have held such property for more than 6 months." (h) EXTENSION OF TIME.—The first sentence of paragraph (1) of subsection (a) of section 6161 (relating to extension of time for paying tax) is amended by striking out "6 months" and inserting in lieu thereof "6 months (12 months in the case of estate tax) ". (i)
80 Stat. 1107.
PLACE FOR FILING RETURNS.—
^3L^ Paragraph (3) of section 6091(b) (relating to place for filing returns or other documents) is amended to read as follows: "(3)
80 Stat. 1574.
ESTATE TAX RETURNS.—
" (A) GENERAL RULE.—Except as provided in subparagraph (B), returns of estate tax required under section 6018 shall be made to the Secretary or his delegate— " (i) in the internal revenue district in which was the domicile of the decedent at the time of his death, or "(ii) at a service center serving the internal revenue district referred to in clause (i), as the Secretary or his delegate may by regulations designate. " (B) EXCEPTION.—If the domicile of the decedent was not in an internal revenue district, or if he had no domicile, the estate tax return required under section 6018 shall be made at such place as the Secretary or his delegate may by regulations designate." (2) Paragraph (4) of section 6091(b) is amended to read as follows: "(4) HAND-CARRIED
RETURNS.—Notwithstanding
paragraph
(1), (2), or (3), a return to which paragraph (1)(A), (2)(A), or (3)(A) would apply, but for this paragraph, which is made to the Secretary or his delegate by hand-carrying shall, under regulations prescribed by the Secretary or his delegate, be made in the internal revenue district referred to in paragraph (1)(A) (i), (2)(A)(i), or (3)(A)(i), as the case may be." (j) EFFECTIVE DATE.—The amendments made by this section (other than subsection (f)) shall apply with respect to decedents dying after December 31, 1970. SEC. 102. GIFT TAX. (a)
AMENDMENTS TO SUBCHAPTER A OF CHAPTER (1) S E C T I O N 2501.—
12.—
(A) Paragraph (1) of subsection (a) of section 2501 is amended to read as follows: " (1) GENERAL RULE.—For the first calendar quarter of calendar year 1971 and each calendar quarter thereafter a tax, computed
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