Recent Legislative Changes As to the Reporting and Payment of the Gift Tax: A Step Toward Tax Simplification

Authors

Harry F. Byrd Jr.

Document Type

Article

Abstract

The overly complex nature of the nation's tax laws has spurred congressional action to simplify the tax code. United States Senator Harry F. Byrd, Jr. has demonstrated his commitment toward this goal by his recent introduction of the Annual Gift Tax Return Act. This measure, enacted as part of the Economic Recovery Tax Act of 1981, provides a return to the system of annual gift tax reporting. More significantly, it demonstrates that simplification of the tax laws can be achieved without sacrificing other goals, and without additional costs to the taxpayer.

Recommended Citation

Harry F. Byrd Jr. Recent Legislative Changes As to the Reporting and Payment of the Gift Tax: A Step Toward Tax Simplification, 9 Pepp. L. Rev. Iss. 3 (1982)
Available at: https://digitalcommons.pepperdine.edu/plr/vol9/iss3/2