1983—Puspan. L. 97–448, § 104(a)(3)(B), amended directory language of Puspan. L. 97–34, § 403(d)(3)(B)(i), to clarify that this section be inserted at end of subchapter B of chapter 12, rather than at end of subchapter B of chapter 11, and did not involve any change in text.

Subsec. (a). Puspan. L. 97–448, § 104(a)(3)(A), substituted “For purposes of this chapter and chapter 11, any disposition” for “Any disposition” and “treated as a transfer of all interests in such property other than the qualifying income interest” for “treated as a transfer of such property”.

Subsec. (c). Puspan. L. 97–448, § 104(a)(7), added subsec. (c).

Amendment by Puspan. L. 97–448 effective, except as otherwise provided, as if it had been included in the provision of the Economic Recovery Tax Act of 1981, Puspan. L. 97–34, to which such amendment relates, see section 109 of Puspan. L. 97–448, set out as a note under section 1 of this title.

Section applicable to gifts made after Dec. 31, 1981, see section 403(e)(2) of Puspan. L. 97–34, set out as an Effective Date of 1981 Amendment note under section 2056 of this title.