p. 456, note 8. Insert as second paragraph:
As to gifts made after December 18, 2015, the gift tax exclusion is available for transfers of money or other property to tax-exempt social welfare organizations (see Chapter 13), labor organizations (see § 16.1), and business leagues (see Chapter 14) (IRC § 2501(a)(6), added by Protecting Americans from Tax Hikes Act of 2015 (Pub. L. No. 114-113, Division Q) § 408(a), (b)). No inference is to be drawn from this law change as to whether transfers to these entities prior to this effective date are subject to the gift tax (id. § 408(c)).
*§ 17.6 TAXATION OF OTHER EXEMPT ORGANIZATIONS
*p. 465, first complete paragraph, lines 2 and 3. Delete public charities engaging in any amount of and insert charitable organizations engaging to any extent in.