Cal. Code Regs. tit. 18 § 15402

Current through Register 2024 Notice Reg. No. 25, June 21, 2024

Section 15402 - Exclusions from Exemption

In addition to the exclusions from the annual exemption provided in Revenue and Taxation Code Section 15402, the following gifts are not within this exemption:

(a) A gift made on or after March 6, 1940, and prior to July 16, 1941, by a donor who is an alien nonresident of the United States.

(b) A gift made in trust after 10 p.m. of June 21, 1939, and prior to March 6, 1940.

Note: As to the definition of the term "future interest," see Section 15103.9.

NOTE: Reference: Section 15402, Revenue and Taxation Code.

Cal. Code Regs. Tit. 18, § 15402