REPEAL OF SECTION 2036(c).

SEC. 11601. REPEAL OF SECTION 2036(c). (a) In General.— Section 2036 (relating to transfers with retained life estate) is amended by striking subsection (c) and by redesignating subsection (d) as subsection (c). (b) Conforming Amendments.— (1) Section 2207B is amended— (A) by striking subsection (b) and redesignating sub-sections (c), (d), and (e) as subsections (b), (c), and (d), respectively, (B) by striking “subsections (a) and (b)” in subsection (c) (as so redesignated) and inserting “subsection (a)”, and (C) by striking “subsections (a), (b), and (c)” in subsection (c) (as so redesignated) and inserting “subsections (a) and (b)”. (2) Section 2501(d) is amended by striking paragraph (3). 104 STAT. 1388–491 (c) Effective Date.— The amendments made by this section shall apply in the case of property transferred after December 17, 1987.