Market value basis changed to country of origin, and gift acceptance threshold increased under foreign contribution rules. Amendments to the Regulations replace references to domestic valuation with valuation by reference to the market value in the country of origin for specified sub clauses, and substitute an increased monetary threshold in multiple sub clauses, thereby altering valuation basis and the stated threshold for acceptance or retention of foreign gifts under the 1978 Regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Market value basis changed to country of origin, and gift acceptance threshold increased under foreign contribution rules.
Amendments to the Regulations replace references to domestic valuation with valuation by reference to the market value in the country of origin for specified sub clauses, and substitute an increased monetary threshold in multiple sub clauses, thereby altering valuation basis and the stated threshold for acceptance or retention of foreign gifts under the 1978 Regulations.
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