Treasury Regulations, Subchapter A, Sec. 1.1494-2
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Sec. 1.1494-2 Effective date
Chapter 5 (section 1491 and following) of the Internal Revenue Code of 1954 and the regulations prescribed thereunder apply with respect to transfers occurring after December 31, 1954. (See section 7851(a)(1)(B).) Chapter 7 (section 1250 and following) of the Internal Revenue Code of 1939 and the regulations applicable thereto apply with respect to transfers occurring prior to January 1, 1955.
[T.D. 6500, 25 FR 12083, Nov. 26, 1960]
