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OCR: RA5 Treasury Department Memorandum Notice Gift Tax of Proposed Rulemaking. Regulations Relating to U.S. TREASURY DEPARTMENT WASHINGTON OFFICE COMMISSIONER OF INTERNAI REVENUE TT R-346 MEMORANDUM FOR Honorable George M, Humphrey Sectetary of the Treasury SUBJECT: Notice of proposed rule making-- Regulations under provisions the Internal Revenue Code 1954 relating to the gift tax There is transmitted for your approval for publication in with the respect Federal tC the Register Gift notice of Regulations proposed (26 CFR rule Part making under chapter subtitle and Japun certain sections of subtitle the Internal Revenue Code 1954 The Gift Tax Regulations are applicable gifts made during the calendar year 1955 and subsequent years The 1954 Code made Comparatively few changes in the gift tax are ...