Since enactment of the repeal legislation in 2001,1 the focus has been primarily on the federal estate tax and, to a lesser degree, on the generation skipping transfer tax, with relatively less emphasis on the federal gift tax. Yet the federal gift tax may potentially assume much greater importance if the repeal provisions become reality and the transfer tax system does not revert to its 2001 status, as could well occur.2
Harl, Neil E.
"What's Ahead for Federal Gift Tax?,"
Agricultural Law Digest: Vol. 17
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol17/iss9/1