Section, added [Pub. L. 91–172, title I, § 121(e)(1)], Dec. 30, 1969, [83 Stat. 548]; amended [Pub. L. 94–455, title XIX, § 1906(b)(13)(A)], Oct. 4, 1976, [90 Stat. 1834], provided for a return by transferor of income producing property if the transferee was known to be an organization referred to in section 511(a) or (b) and property had a fair market value in excess of $50,000.
Effective Date of Repeal
[Pub. L. 96–167, § 5(c)], Dec. 29, 1979, [93 Stat. 1276], provided that: “The amendments made by this section [repealing this section] shall apply to transfers after the date of the enactment of this Act [Dec. 29, 1979].”
