Federal Income, Estate, and Gift Tax Project Records

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ALI.04.011 Finding aid prepared by Jordon Steele. Last updated on April 28, 2011. University of Pennsylvania, Biddle Law Library, American Law Institute Archives 2008

Table of Contents Summary Information... 3 Biography/History...4 Scope and Contents...4 Arrangement note...4 Administrative Information...5 Related Materials... 5 Controlled Access Headings... 6 Other Finding Aids note...6 Collection Inventory... 7 Administrative Records...7 Correspondence...7 Meeting Records... 7 Drafting Records... 7 Commentary...10 Article Reprints... 10 - Page 2 -

Summary Information Repository University of Pennsylvania: Biddle Law Library: American Law Institute Archives Creator American Law Institute Title Federal Income, Estate, and Gift Tax Project Records Call number ALI.04.011 Date [bulk] 1949-1969 Date [inclusive] 1946-1981 Extent 17 linear feet Language English Abstract The Federal Income, State, and Gift Tax Project consisted of a series of non-binding recommendations to students, teachers, litigators, and legislators as they dealt with the evolving tax code. The collection, 1946-1981 (bulk: 1949-1969), includes correspondence, meeting minutes, drafts, memoranda, commentary, outside publications, and related records concerning various tax-related projects conducted by the ALI from the mid-1940s to 1969. Cite as: [Identification of item], in the Federal Income, Estate, and Gift Tax Project, American Law Institute Archives, ALI.04.011, Biddle Law Library, University of Pennsylvania Law School, Philadelphia, PA. - Page 3 -

Biography/History In the mid-1940s, the American Law Institute ( ALI) set about to analyze the law as it related to income tax. Known as the Income Tax Project, the primary objective was not to codify the law but to provide analysis of issues as they related to the United States' increasingly complex tax code. In 1954, the ALI published its first suggestions, known as the February 1954 Draft. The draft was made available to tax specialists and especially Congress, which was considering a major overhaul of the income tax law (which became the Internal Revenue Code in April 1954). In subsequent years, the ALI analyzed specific aspects of the Internal Revenue code, publishing a suggestive framework for dealing with the problems but never formally adopting any of its findings. These projects included a study of corporate taxation (1956-1958), capital gains taxation (1959-1960), and donative transactions and accessions tax (1961-1968). The groups within ALI that worked on these projects included the Tax Policy Committee (the primary group), special consultants, reporters, and the Tax Advisory Group (which was made up of members from the Tax Policy Committee and tax specialists not necessarily affiliated with the ALI). Unlike its earlier codification projects, the Federal Income, State, and Gift Tax Project (as it would eventually be known) consisted of a series of non-binding recommendations to students, teachers, litigators, and legislators as they dealt with the evolving tax code. The ALI adjourned the Income Tax Project in 1969. It was revived under different personnel in 1974 in a renewed effort to analyze updates in the tax code. Scope and Contents The Federal Income, Estate, and Gift Tax Project Records, 1946-1981 and undated (bulk: 1949-1969), include correspondence, meeting minutes, drafts, memoranda, comments, outside publications, and related records concerning various tax-related projects conducted by the ALI from the mid-1940s to 1969. Arrangement note Arrangement 1. Administrative Records - Page 4 -

2. Correspondence 3. Meeting Records 4. Drafting Records 5. Commentary 6. Article Reprints Federal Income, Estate, and Gift Tax Project Records Administrative Information University of Pennsylvania, Biddle Law Library, American Law Institute Archives 2008 Finding aid prepared by Jordon Steele. Use Restrictions None. Use Restrictions The archives reserves the right to restrict access to materials of sensitive nature. Please contact the department for further information. Immediate Source of Acquisition note First shipment received from the American Law Institute in 1995. Processing Information note Preliminary container list prepared by Melissa Backes, 1995-2005. Reprocessed by Jordon Steele, September-November 2007. Encoded by Jordon Steele, May 2008. Related Materials Related Archival Materials note Records related to tax projects after 1974 are located in the Federal Income Tax Project Collection (ALI.04.012). - Page 5 -

Controlled Access Headings SUBJECT(S) Gifts--Taxation Income tax Inheritance and transfer tax Taxation Other Finding Aids note An item-level container list is available offline in spreadsheet form. - Page 6 -

Collection Inventory ADMINISTRATIVE RECORDS, 1948-1981. ABOUT 50 ITEMS. Fundraising solicitations, tax exemption documents, expense reports, correspondence publications, and other records related to the administrative functions surrounding the Income Tax Project. 1 17 1-3 31 CORRESPONDENCE, 1947-1969. ABOUT 2000 ITEMS. Letters and related records between ALI members, the Tax Advisory Group, and other participants in the ALI's tax projects. 1 2 4-51 1-15 MEETING RECORDS, 1948-1969. ABOUT 6000 ITEMS. Minutes and related records involving ALI members, the Tax Advisory Group, and other participants in the ALI's tax projects. 2 3 4 5 16-41 1-29 1-12 1-40 DRAFTING RECORDS, 1946-1968. ABOUT 360 ITEMS. - Page 7 -

Initial drafts that outline the objectives of the ALI's Income Tax Project. SCOPE AND POLICY DRAFTS, 1949 FEBRUARY-NOVEMBER. 4 ITEMS. Initial drafts that outline the objectives of the ALI's Income Tax Project. PRELIMINARY DRAFTS, 1949-1959. ABOUT 235 ITEMS.. Drafts related to projects involving income tax law, including the February 1954 draft, the corporate tax law study, and the capital gains tax study. DISCUSSION DRAFTS, 1950-1960. 25 ITEMS. TENTATIVE DRAFTS, 1949-1956. 19 ITEMS. Drafts related to the February 1954 draft and the corporate tax law study. FOREIGN TRANSACTIONS MEMORANDA, 1951-1952. 9 ITEMS. Memoranda, officially submitted to the ALI, concerning aspects of the Internal Revenue Code involving foreign tax provisions. FEBRUARY 1954 DRAFT VOLUMES, 1954 FEBRUARY. 2 ITEMS. 5 5 6 7 8 9 10 11 11 12 12 13 13 13 41-44 46-59 1-39 1-39 1-37 1-43 1-41 1 2-20 1-7 8-19 1-7 10-18 8-9 - Page 8 -

The ALI published this two-volume set in February 1954 to advise Congress as it was considering legislation to overhaul the Internal Revenue Code. That legislation passed in April 1954. "INCOME TAX PROBLEMS OF CORPORATIONS AND SHAREHOLDERS" STUDY DRAFTS, 1957-1958. 4 ITEMS. Drafts related to a two-year study, conducted from 1956 to 1958, between the ALI and the American Bar Association Section of Taxation Liaison Committee. The project considered issues, first raised in the February 1954 Draft, concerning corporate taxation. CAPITAL GAINS TAXATION STUDY DRAFTS, 1960. 6 ITEMS. Council drafts and discussion drafts related to a non-binding study by the ALI that explored definitional issues within the field of capital gains taxation. RECOMMENDATIONS AND REPORTERS' STUDIES DRAFTS, 1961-1968. 48 ITEMS. Memoranda, council drafts, study drafts, and other drafting records related to studies conducted by James A. Casner and William D. Andrews, both Harvard Law School professors, involving gift tax and accession tax provisions in the Internal Revenue Code. The ALI synthesized both reporters' studies and promulgated its own recommendations. However, in the interest of documenting the collaboration between all involved parties, all three drafts were published in one volume. OTHER DRAFTING RECORDS, 1948-1960 AND UNDATED. ABOUT 30 ITEMS. 15 16 14 16 14 15 16 5 13 28-29 1 1-4 4, 6 5-16 1-16 7-26 45 19-27 - Page 9 -

Drafts, letters, and related records not formally submitted to any committee within the ALI but considered during the drafting process of various tax-related projects. 15 16 17-27 2-3, 5, 27-28 COMMENTARY, 1949-1960. ABOUT 100 ITEMS. Comments, memoranda, and letters from members of the American Law Institute, advisory group members, and other members of the greater tax law community. 16 17 29-44 1-20 ARTICLE REPRINTS, 1952-1967. 10 ITEMS. A collection of article reprints, taken from scholarly journals, that discuss the drafting and publication of the American Law Institute's tax-related projects. 17 21-31 - Page 10 -