BASIS OF CERTAIN PROPERTY TRANSFERRED IN TRUST.

SEC. 203. BASIS OF CERTAIN PROPERTY TRANSFERRED IN TRUST. (a) Amendment of Section 113 (a) (5).—The second sentence of section 113 (a) (5) (relating to the basis of property transmitted at death) is hereby amended by inserting immediately after the words “revoke the trust” the following: “or to make any change in the enjoyment thereof through the exercise of a power to alter, amend, or terminate the trust”. (b) Effective Date.—The amendment made by subsection (a) shall apply (1) only in the case of property transferred by grantors dying after December 31, 1951, and (2) only with respect to taxable years ending after December 31, 1951.