90 STAT. 1894 26 USC 2045.
PUBLIC LAW 94-455—OCT. 4, 1976 "SEC. 2045. DISCLAIMERS. "For provisions relating to the effect of a qualified disclaimer for purposes of this chapter, see section 2518." (3) C L E R I C A L AMENDMENTS.—
(A) The table of sections for subchapter B of chapter 12 is amended by adding at the end thereof the following: "Sec. 2518. Disclaimers." (B) The table of sections for part III of subchapter A of chapter 11 is amended by adding at the end thereof the following: "Sec. 2045. Disclaimers."
.r
(4) TECHNICAL AND CONFORMING CHANGES.—
26 USC 2041.
(A) Paragraph (2) of section 2041(a) (relating to release of general powers of appointment) is amended by striking out the second sentence thereof. (B) The first sentence of subsection (a) of section 2055 (relating to transfers for public, charitable, and religious uses) is amended by striking out "(including the interest which falls into any such bequest, legacy, devise, or transfer as a result of an irrevocable disclaime^r of a bequest, legacy, devise, transfer, or power, if the disclaimer is made before the date prescribed for the filing of the estate tax return)". (C) The second sentence of subsection (a) of section 2055 is amended— (i) by striking out "an irrevocable" and inserting in lieu thereof "a qualified", and (ii) by striking out "such irrevocable" and inserting in lieu thereof "such qualified". (D) Section 2056 (relating to bequests, etc., to surviving spouse) is amended by striking out subsection (d) and by redesignating subsection (e) as subsection (d). (E) Subsection (a) of section 2056 is amended by striking out "subsections (b), (c), and (d) " and inserting in lieu thereof "subsections (b) and (c)". ^^) Subsection (b) of section 2514 (relating to powers of appointment for purposes of the giit tax) is amended by striking out the second sentence thereof,
26 USC 2055.
26 USC 2056.
26 USC 2514
26 USC 2039.
(c) CERTAIN RETIREMENT BENEFITS.— (1) EXCLUSION FROM GROSS ESTATE OF INDIVIDUAL RETIREMENT ACCOUNTS, ETC.—Section 2039 (relating to annuities) is amended
by adding at the end thereof the following new subsection: "(e)
/
.
EXCLUSION OF INDIVIDUAL RETIREMENT ACCOUNTS, ETC.—-Not-
withstanding the provisions of this section or of any other provision of law, there shall be excluded from the value of the gross estate the value of an annuity receivable by any beneficiary (other than the executor^ under— "(1) an individual retirement account described in section 408(a), "(2) an individual retirement annuity described in section 408(b), or "(3) a retirement bond described in section 409(a). If any payment to an account described in paragraph (1) or for an annuity described in paragraph (2) or a bond described in paragraph
�
