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FEDERAL INCOME, ESTATE & GIFT TAX PROJECT 1 (PROPOSED REVISION OF § X2033)

handle is hein.ali/aliftp0293 and id is 1 raw text is: .1Z)? TSED RFVISIJN Of  S CTION X2033,
CHA RITABLI'  C NTRIBUTIONS DLDUCTION
SECTION X2033. CHARITABLE CONTRIBUTIONS DEDUCTION.
(a) GENERAL RULE. --There shall be allowed as a deduction
from the gross estate in computing the net estate, in accordance with
section X2031, the amount of all bequests, legacies, devises, or trans-
fers to or for the use of any donee which qualifies under section X169(a).
(b) RENUNCIATION OF AN INTERZST OR POWER. --
[continues unchanged as in Draft 10].
(c) CONTINGENT TRANSFERS.- --If as of the date of the
decedent's death the bequest, legacy, devise ur transfer to charity
of an interest described in subsection(a) is dependent upon the per-
formance of some act or the happening of a precedent event in order
that it might become effective. --
Alternative I
(1) The deduction allowed by subsection (a) may be taken
only if the possibility that a donee described in subsection (a) will
not take is so remote as to be negligible; and
(2) The amount of any deduction allowed under this subsection
shall be the full present value of the contingent bequest, legacy, devise
or transfer.
Alternative II
(1) The deduction allowed by subsection (a) may be taken only
if
(i) the event upon which the bequest, legacy, devise
or transfer of an interest described in subsection (a) is
conditioned upon the survival or the failure of survival of

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